Looking At AbbVie's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown unusual bearish options activity on AbbVie (NYSE:ABBV), with 62% of the trades being bearish. This could indicate that some investors have privileged information. The stock is currently trading at $168.93, down by 1.3%, with an RSI suggesting it may be approaching overbought. Analysts have mixed ratings with target prices ranging from $185 to $200.
June 27, 2024 | 4:03 pm
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Unusual bearish options activity on AbbVie (NYSE:ABBV) suggests that some investors might have privileged information. The stock is currently down by 1.3% at $168.93, with an RSI indicating it may be approaching overbought. Analysts have mixed ratings with target prices ranging from $185 to $200.
The significant bearish options activity suggests that some investors might have negative expectations for AbbVie's short-term performance. The stock's current decline and the RSI indicating it may be overbought further support a potential short-term downward trend. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100