Behind the Scenes of Adobe's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Adobe (NASDAQ:ADBE) show a bearish stance among major investors, with 36% of trades being bearish and 26% bullish. The trading volume and open interest suggest a price range between $310.0 and $600.0. Adobe's stock is currently trading at $540.81, up by 1.63%, with a neutral RSI. The next earnings report is due in 48 days, and the average analyst target price is $635.0.
July 26, 2024 | 4:15 pm
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Recent options trading trends indicate a bearish sentiment among major investors, with 36% of trades being bearish and 26% bullish. The stock is currently trading at $540.81, up by 1.63%. The next earnings report is due in 48 days, and the average analyst target price is $635.0.
The bearish sentiment among major options traders suggests a potential short-term decline in Adobe's stock price. However, the stock is currently up by 1.63%, and the average analyst target price remains high at $635.0. The upcoming earnings report in 48 days could also influence the stock's performance.
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IMPORTANCE 80
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