What the Options Market Tells Us About Novo Nordisk
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Novo Nordisk (NYSE:NVO) through unusual options trading activity, with a sentiment split between 35% bullish and 64% bearish. The trading suggests a price target range of $97.5 to $180.0 for NVO over the next three months. Notable options trades include both puts and calls with varying sentiments and expiration dates. Novo Nordisk, a leader in diabetes care products, has seen its stock price increase by 2.44% to $127.26, with analysts setting an average price target of $140.0.
March 04, 2024 | 4:17 pm
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Unusual options activity indicates a bearish sentiment among investors, with a price target range of $97.5 to $180.0. The stock has recently risen to $127.26, with analysts setting an average price target of $140.0.
The bearish sentiment from the options market contrasts with the recent stock price increase and analyst targets, suggesting uncertainty. However, the significant trading volume and analyst ratings indicate strong market interest and potential for price movement.
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IMPORTANCE 90
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