Check Out What Whales Are Doing With Deere
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish stance on Deere (NYSE:DE), with options trading revealing 100% bearish sentiment. Notable trades include 6 puts and 2 calls, targeting a price range of $370.0 to $440.0. Deere's current market status shows a trading volume of 1,049,522 with a price of $411.97, and it is potentially overbought. An analyst from Truist Securities downgraded Deere to Buy with a price target of $494. The company is a leading manufacturer of agricultural equipment, with a vast dealer network.
April 11, 2024 | 7:01 pm
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Deere shows a bearish sentiment in options trading, with a downgrade to Buy by Truist Securities and a price target of $494. The company's significant role in agricultural equipment manufacturing and its extensive dealer network underline its market position.
The bearish sentiment in options trading, combined with the recent downgrade by Truist Securities, suggests a short-term negative impact on DE's stock price. However, the company's strong market position and extensive dealer network may mitigate some of the negative effects in the longer term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100