AbbVie Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards AbbVie (NYSE:ABBV) as revealed by Benzinga's options scanner. The majority of options activity is bearish, with significant trades in puts and calls. Analysts have mixed ratings, with price targets ranging from $200 to $218.
August 29, 2024 | 7:31 pm
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AbbVie is experiencing significant bearish sentiment from large investors, as indicated by options trading data. The majority of options activity is bearish, with a focus on a price range of $155 to $210. Analysts have mixed ratings, with price targets between $200 and $218.
The options trading data shows a significant bearish sentiment with 66% of the activity being bearish. This suggests potential downward pressure on AbbVie's stock price. Analysts' mixed ratings and price targets provide a range of expectations, but the bearish options activity is a strong indicator of short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100