Market Whales and Their Recent Bets on INTU Options
Portfolio Pulse from Benzinga Insights
Significant activity in Intuit (NASDAQ:INTU) options has been observed, indicating a bullish sentiment among large investors. Benzinga's options scanner revealed 12 unusual trades, with a sentiment split of 66% bullish and 33% bearish. The focus is on a price range between $560 and $720. Notable trades include both puts and calls, with a total trade price for puts at $259,350 and for calls at $370,806. Intuit, a leader in small-business accounting and tax-filing software, is currently trading at $613.32, with an RSI suggesting a neutral position. Analysts have set an average target price of $710, with specific targets from BMO Capital and Keybanc at $700 and $720, respectively.
April 16, 2024 | 7:02 pm
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Intuit has seen significant options trading activity, indicating a bullish sentiment among large investors. The company's stock is currently trading at $613.32, with an RSI suggesting a neutral market position. Analysts have set an average target price of $710, highlighting potential growth.
The significant options activity, particularly the bullish sentiment among large investors, suggests a positive outlook for Intuit's stock price in the short term. The analyst ratings support this view, with an average target price indicating potential upside. The current neutral RSI position suggests the stock is not overbought, leaving room for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100