What the Options Market Tells Us About Intuitive Surgical
Portfolio Pulse from Benzinga Insights
Recent options market activity indicates a bearish sentiment towards Intuitive Surgical (NASDAQ:ISRG), with a significant majority of trades being puts. The targeted price range for ISRG by whales is between $380.0 and $410.0. Despite this, expert analysts have set higher average target prices, suggesting a bullish outlook on the stock. Intuitive Surgical's current trading volume is 326,372, with a slight price decrease of -0.35%, and its stock price stands at $390.0. The company is a leader in robotic-assisted minimally invasive surgery, with a substantial global installation base of its da Vinci systems.
February 08, 2024 | 6:16 pm
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NEUTRAL IMPACT
Intuitive Surgical has seen a bearish sentiment in the options market, with a majority of trades being puts. However, expert analysts have a bullish outlook with target prices exceeding current levels. The company's stock is slightly down, trading at $390.0.
The bearish sentiment in the options market, indicated by the predominance of puts, contrasts with the bullish stance of expert analysts, suggesting uncertainty in the short term. The company's strong position in robotic-assisted surgery and the slight decrease in stock price contribute to a neutral short-term impact assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100