This Is What Whales Are Betting On Intuit
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Intuit (NASDAQ:INTU), with a significant move detected by Benzinga's options scanner. The activity includes 13 extraordinary options activities, with a price band focus between $640.0 and $760.0 for the next three months. The market mood is mixed, with 46% bullish and 38% bearish sentiments. The largest options trades include both calls and puts, indicating diverse expectations for INTU's price movement. Intuit's current market status shows a slight price increase with potential overbought signals and upcoming earnings in 22 days.
April 29, 2024 | 8:15 pm
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Intuit has seen significant options activity indicating a bullish sentiment among deep-pocketed investors, with a focus on a price band between $640 and $760. The market mood is mixed, but the bullish signals and upcoming earnings could influence INTU's short-term price movement.
The significant options activity, especially the bullish sentiment among investors, suggests a positive outlook for INTU's stock price in the short term. The mixed market mood adds some uncertainty, but the focus on a higher price band and the anticipation of upcoming earnings are likely to drive positive momentum. The detailed options data, including the largest trades and the overall bullish versus bearish sentiment, supports this analysis.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100