Novo Nordisk Unusual Options Activity For July 26
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Novo Nordisk (NYSE:NVO) with a split sentiment of 42% bullish and 52% bearish. A total of 21 uncommon options trades were spotted, with significant amounts in both puts and calls. The stock is currently trading at $127.34, down by 0.41%, and is approaching oversold territory according to RSI readings. The anticipated earnings release is in 12 days.
July 26, 2024 | 7:01 pm
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Unusual options activity for Novo Nordisk (NYSE:NVO) shows a split sentiment with 42% bullish and 52% bearish trades. The stock is currently trading at $127.34, down by 0.41%, and is approaching oversold territory. The anticipated earnings release is in 12 days.
The unusual options activity with a higher percentage of bearish trades (52%) suggests that investors are expecting a potential decline in the stock price. The current trading price is down by 0.41%, and RSI readings indicate the stock may be approaching oversold territory. Additionally, the upcoming earnings release in 12 days could be a critical factor influencing investor sentiment.
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