Archer-Daniels Midland's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Archer-Daniels Midland (ADM), with options activity indicating expectations of a price range between $50.0 and $57.5 in the next three months. The analysis of options activity reveals a significant bearish inclination, with 87% of the activity being bearish. The company, a major processor of agricultural commodities, is currently trading at $54.75, with an RSI indicating a neutral position. An analyst from Citigroup has recently downgraded ADM to Neutral with a price target of $57.
March 01, 2024 | 3:16 pm
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NEGATIVE IMPACT
Deep-pocketed investors are bearish on ADM, with options activity suggesting a price movement to between $50.0 and $57.5. Citigroup downgraded ADM to Neutral with a $57 target.
The bearish sentiment among significant investors, indicated by the options activity, suggests a potential decrease in ADM's stock price. The downgrade by Citigroup further supports the negative outlook, making it likely that ADM's stock price will face downward pressure in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100