Market Whales and Their Recent Bets on ADBE Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Adobe (NASDAQ:ADBE) based on recent options activities tracked by Benzinga. A significant volume of options trading was observed, with 141 extraordinary activities, where 68% were bearish and 31% bullish. The options trading suggests a price window for Adobe between $350.0 to $900.0. Current trading volume is 6,310,133 with a price increase of 4.35% to $513.86. Analysts have set an average price target of $633.2 for Adobe.
March 18, 2024 | 8:16 pm
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NEUTRAL IMPACT
Adobe has seen a bearish sentiment from large investors through options trading, with a current price increase to $513.86 and an average analyst price target of $633.2.
The bearish sentiment from significant investors through options trading could indicate potential volatility or upcoming negative news. However, the current price increase and the optimistic analyst price targets suggest a mixed outlook, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100