A Closer Look at AbbVie's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards AbbVie (NYSE:ABBV), as revealed by Benzinga's options scanner. The majority of options activities are bearish, with significant trading volumes and open interest in a price band between $135.0 and $180.0. AbbVie's stock is currently neutral with a price of $163.87, and earnings are expected in 22 days. Analysts have mixed ratings with a consensus target price of $191.25.
July 03, 2024 | 4:46 pm
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Deep-pocketed investors are predominantly bearish on AbbVie, as indicated by significant options activity. The stock is currently neutral with a price of $163.87, and earnings are expected in 22 days. Analysts have mixed ratings with a consensus target price of $191.25.
The significant bearish options activity suggests that investors expect AbbVie's stock price to decline in the short term. The current neutral RSI and mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100