Spotlight on AbbVie: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
AbbVie (NYSE:ABBV) has seen a surge in options activity, with 8 unusual trades identified. 37% of traders were bullish, and 12% bearish. The options activity suggests a price target range of $165 to $195. The stock is currently trading at $192.86, down 0.39%. An analyst from Piper Sandler maintains an Overweight rating with a target price of $209.
September 20, 2024 | 7:09 pm
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AbbVie has experienced significant options activity, with a mix of bullish and bearish trades. The stock is currently trading at $192.86, with a projected price range of $165 to $195. Piper Sandler maintains an Overweight rating with a target price of $209.
The surge in options activity indicates increased interest and potential volatility in AbbVie's stock. The mix of bullish and bearish trades suggests differing market opinions, but the overall sentiment leans bullish with a significant price target range. Piper Sandler's Overweight rating and $209 target price further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100