AbbVie Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for AbbVie (NYSE:ABBV), with a bearish sentiment among big-money traders. Benzinga's options scanner spotted 10 uncommon options trades for AbbVie, with 30% bullish and 70% bearish sentiment. The total trade price for puts was $344,346 and for calls was $244,334. The targeted price range for AbbVie over the last 3 months is from $100.0 to $165.0. The current trading volume is 3,077,205, with the price down by -0.73%, now at $141.0. Analysts have set an average price target of $177.25.
November 09, 2023 | 5:03 pm
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NEGATIVE IMPACT
Unusual options activity for AbbVie indicates a bearish sentiment among big-money traders. This could potentially impact the stock's price in the short term.
The unusual options activity, with a majority bearish sentiment, indicates that big-money traders are expecting the price of AbbVie to decrease. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100