Novo Nordisk Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Novo Nordisk (NYSE:NVO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $45.0 to $120.0 for Novo Nordisk over the last 3 months. The price of NVO is up 3.41% at $96.69. Argus Research has downgraded its action to Buy with a price target of $110.
October 30, 2023 | 8:00 pm
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Unusual options activity indicates a significant bullish stance on Novo Nordisk. The price of NVO is up 3.41% at $96.69. Argus Research has downgraded its action to Buy with a price target of $110.
The unusual options activity indicates that a large investor is bullish on Novo Nordisk, which could potentially drive the stock price up in the short term. Additionally, the price of NVO is already up 3.41%, which further supports the bullish sentiment. However, Argus Research has downgraded its action to Buy with a price target of $110, which could potentially limit the upside.
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