Smart Money Is Betting Big In NVO Options
Portfolio Pulse from Benzinga Insights
Financial giants are making bullish moves on Novo Nordisk (NYSE:NVO) through options trading. Analysis reveals 78% of traders are bullish, focusing on a price range of $100 to $160. Noteworthy trades include both puts and calls, with significant open interest and volume. The stock is currently down by 1.46% at $131.1, with an average analyst price target of $160.
May 17, 2024 | 4:01 pm
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Financial giants are showing a bullish sentiment on Novo Nordisk through significant options trading. The stock is currently down by 1.46% at $131.1, with an average analyst price target of $160. Noteworthy options trades include both puts and calls, indicating high interest and liquidity.
The high volume and open interest in bullish options trades suggest strong market confidence in Novo Nordisk's future performance. The stock's current price and the average analyst target indicate potential for upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100