This Is What Whales Are Betting On Eli Lilly and Co
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Eli Lilly and Co (NYSE:LLY), with a significant move in options trading detected by Benzinga. The trading activity includes 35 extraordinary options activities, with a bullish majority of 62% and a bearish minority of 31%. The price band focus is between $240.0 and $860.0. Eli Lilly, a drug firm focusing on various therapeutic areas, has seen its stock price increase by 2.32% to $752.02. Analyst ratings in the last 30 days have set an average price target of $866.2 for LLY.
May 06, 2024 | 3:45 pm
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Eli Lilly and Co (NYSE:LLY) has seen a bullish sentiment from deep-pocketed investors, with a notable increase in options trading activity. The stock price has recently increased by 2.32% to $752.02, and analysts have set an optimistic average price target of $866.2.
The bullish sentiment among heavyweight investors, coupled with a significant volume of options trading, suggests a positive outlook for LLY's stock price in the short term. The recent price increase and optimistic analyst ratings further support this trend. The focus on a price band between $240.0 and $860.0 indicates high expectations for the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100