Looking At Deere's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deere (NYSE:DE) has seen unusual options activity indicating a bullish sentiment among significant investors, with a mix of puts and calls aiming for a price range of $350 to $400 in the next three months. Analysts have set an average target price of $414.6 for DE, with ratings ranging from Overweight to In-Line. The company's current stock price is $363.54, with an RSI suggesting it may be approaching oversold territory.
February 26, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Deere has experienced unusual options activity, indicating a bullish sentiment among investors. Analysts have set an average target price of $414.6, suggesting potential upside. The current stock price is $363.54, with indicators suggesting it may be approaching oversold territory.
The bullish options activity, combined with the analysts' optimistic target prices, suggests a positive outlook for Deere's stock in the short term. The current price and RSI indicators provide a potential buying opportunity, as the stock may be undervalued.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100