Behind the Scenes of Deere's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Deere (NYSE:DE) through significant options activity, with 50% of the trades being bearish puts. This suggests potential short-term volatility for Deere's stock, which is currently priced at $397.87. Analysts maintain an Overweight rating with a target price of $425.
September 18, 2024 | 3:04 pm
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Deere (NYSE:DE) is experiencing significant bearish options activity, with 50% of trades being puts. This indicates potential short-term volatility. Despite this, analysts maintain an Overweight rating with a target price of $425.
The article highlights a significant bearish sentiment among investors through options activity, with 50% of the trades being puts. This suggests potential downward pressure on Deere's stock price in the short term. However, analysts maintain an Overweight rating, indicating confidence in the stock's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100