AbbVie Unusual Options Activity For April 05
Portfolio Pulse from Benzinga Insights
Recent options activity for AbbVie (NYSE:ABBV) shows a bearish sentiment among investors, with 68% of trades being bearish. Significant trades have targeted a price range of $125.0 to $195.0. AbbVie, a pharmaceutical firm, is currently trading at $170.0, up 1.25%, with an RSI suggesting it may be approaching oversold. Analysts from Barclays and Guggenheim maintain positive ratings with target prices of $195 and $190, respectively.
April 05, 2024 | 8:16 pm
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Bearish options sentiment prevails, but analysts maintain positive outlook with target prices above current trading. AbbVie's stock may see short-term volatility.
The bearish sentiment in options trading suggests short-term volatility, but the positive analyst ratings and target prices indicate a strong fundamental outlook for AbbVie. The contrast between options sentiment and analyst outlook may lead to mixed short-term movements, but the overall positive analyst perspective could support the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100