Intuitive Surgical'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 Intuitive Surgical (NASDAQ:ISRG), with options activity suggesting a price target range of $310.0 to $400.0. The analysis of options volume and open interest indicates significant trades, with a mix of bullish and bearish positions. Intuitive Surgical, known for its da Vinci robotic surgical systems, has seen its stock price increase by 3.46% to $397.61, despite indications of potentially being overbought. The company is expected to release its next earnings in 32 days.
March 15, 2024 | 2:16 pm
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NEUTRAL IMPACT
Intuitive Surgical has seen a bearish sentiment from large investors, with significant options activity suggesting a price target range of $310 to $400. The stock has recently increased by 3.46% to $397.61, with potential overbought signals.
The bearish sentiment from large investors, combined with the current stock price nearing the upper end of the projected price target range, suggests a cautious outlook. However, the recent price increase and the upcoming earnings report add uncertainty, leading to a neutral short-term impact score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100