Deere Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Deere (NYSE:DE) through unusual options activity, with 55% of trades being bearish. The price target for Deere is projected to be between $330.0 and $430.0. The stock is currently down 1.58% at $369.05, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with a consensus target price of $445.2.
May 28, 2024 | 5:16 pm
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Deere has experienced unusual options activity with a bearish sentiment, as 55% of trades were bearish. The stock is currently down 1.58% at $369.05, and RSI indicators suggest it may be oversold. Analysts have mixed ratings with a consensus target price of $445.2.
The bearish sentiment in options trading, combined with the stock's current decline and RSI indicators suggesting it may be oversold, indicates a likely short-term negative impact on Deere's stock price. However, mixed analyst ratings provide some support for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100