Decoding Deere's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Deere (NYSE:DE) shows a bearish sentiment among financial giants, with 58% of trades being bearish. The options activity suggests a targeted price range of $350 to $420. Analysts have mixed ratings, with a consensus target price of $412.8.
August 20, 2024 | 8:01 pm
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Deere's recent options activity indicates a bearish sentiment, with 58% of trades being bearish. The stock is currently trading at $373.03, with a consensus analyst target price of $412.8. Analysts have mixed ratings, ranging from Market Perform to Outperform.
The majority of options trades are bearish, indicating a negative short-term outlook. Analysts' mixed ratings and the current price being below the consensus target suggest potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100