This Is What Whales Are Betting On Adobe
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $320.0 to $600.0 for Adobe over the last 3 months. Adobe's stock price is currently up 2.75% at $522.12. Several experts have given their price targets, with the highest being $660.
October 30, 2023 | 3:01 pm
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A large investor has taken a bearish stance on Adobe, with the overall sentiment of big-money traders being 68% bearish. Adobe's stock price is currently up 2.75% at $522.12.
The bearish stance taken by a large investor, along with the overall bearish sentiment of big-money traders, indicates a potential downward pressure on Adobe's stock price in the short term. However, the current upward movement in the stock price and the high price targets given by experts may counteract this bearish sentiment.
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