Market Whales and Their Recent Bets on Deere Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Deere (NYSE:DE), with a notable shift in options trading activity. Benzinga's tracking revealed 11 extraordinary options activities, with a mix of bullish and bearish sentiments, but a slight lean towards bearish with 54%. The options trading targets a price range of $370.0 to $390.0 for Deere. Analysts have mixed views on Deere, with an average target price of $433.2, but recent options activity suggests investors are preparing for potential price movements within the specified range.
March 15, 2024 | 4:31 pm
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NEGATIVE IMPACT
Deere has seen significant options trading activity, indicating a bearish sentiment among large investors. This activity, combined with mixed analyst ratings and a current trading price close to the targeted range, suggests potential short-term volatility.
The bearish sentiment among large investors, as indicated by the options trading activity, suggests that there may be concerns about Deere's short-term price movement. The mixed analyst ratings provide a backdrop of uncertainty, which, when combined with the targeted price range of the options activity, points towards potential downward pressure on Deere's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100