Behind the Scenes of Deere's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Deere (NYSE:DE), with a significant move in options trading. Benzinga's tracking revealed 12 extraordinary options activities, with 83% bearish and 16% bullish sentiment among them. The options activity suggests a price window of $340.0 to $400.0 for Deere. The company, a leading agricultural equipment manufacturer, is currently trading at $362.22, down by -0.67%. An analyst from Stifel maintains a Buy rating with a target price of $425.
February 16, 2024 | 3:32 pm
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Deere's options trading shows a bearish sentiment among investors, with a significant portion expecting a price range of $340-$400. Despite the bearish options activity, an analyst from Stifel maintains a Buy rating with a target price of $425.
The bearish sentiment in options trading could indicate short-term volatility or potential downside for Deere's stock. However, the analyst's Buy rating and higher target price suggest a positive outlook in the medium to long term. The mixed signals from options activity and analyst opinion create uncertainty, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100