Deere's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors have shown a mixed sentiment towards Deere (NYSE:DE), with options trading indicating both bullish and bearish positions. Benzinga's options scanner revealed 24 unusual trades, with a split sentiment of 45% bullish and 54% bearish. The trades focus on a price range between $310.0 and $480.0 for Deere. The largest trades include both calls and puts, with significant amounts invested. Deere, a leading agricultural equipment manufacturer, has seen its stock price increase by 0.47% to $398.9, though it may be overbought according to current RSI values. An analyst from Truist Securities has set a price target of $494.0 for Deere.
March 27, 2024 | 3:31 pm
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NEUTRAL IMPACT
Deere's options trading shows a mixed sentiment with a focus on a price range between $310.0 and $480.0. The stock is currently up by 0.47% to $398.9, but RSI values suggest it may be overbought. An analyst from Truist Securities has set a price target of $494.0.
The mixed sentiment in options trading, combined with the current stock price increase and the potential overbought status, suggests a neutral short-term impact. The analyst's price target of $494 indicates a positive outlook, but the overbought RSI values could temper short-term gains.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100