Unpacking the Latest Options Trading Trends in AbbVie
Portfolio Pulse from Benzinga Insights
Recent options trading trends for AbbVie (NYSE:ABBV) show a bearish stance among big-money investors, with 13 uncommon options trades identified. The sentiment is split with 23% bullish and 38% bearish. Analysts have mixed ratings, with price targets ranging from $200 to $218.
August 20, 2024 | 8:46 pm
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AbbVie has seen unusual options trading activity, with a bearish sentiment among big-money investors. Analysts have mixed ratings, with price targets ranging from $200 to $218. The stock is currently down 0.37% at $196.15.
The unusual options trading activity with a bearish sentiment suggests that investors expect a potential decline in AbbVie's stock price. The mixed analyst ratings and the current stock price being slightly down further support a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100