Eli Lilly and Co's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Eli Lilly and Co (NYSE:LLY) based on significant options activity. The options scanner highlighted 30 extraordinary options activities, with 46% of investors leaning bearish. The stock is currently trading at $949.65, down by -0.09%, and is considered overbought. Analysts have mixed ratings, with a consensus target price of $912.6.
July 16, 2024 | 2:31 pm
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Deep-pocketed investors have shown a bearish sentiment towards Eli Lilly and Co (NYSE:LLY) based on significant options activity. The stock is currently trading at $949.65, down by -0.09%, and is considered overbought. Analysts have mixed ratings, with a consensus target price of $912.6.
The significant bearish sentiment from deep-pocketed investors, combined with the stock being overbought and mixed analyst ratings, suggests a potential short-term decline in LLY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100