What the Options Market Tells Us About Adobe
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards Adobe (NASDAQ:ADBE), with significant trades indicating potential price movements. The sentiment is split with 27% bullish and 45% bearish. Analysts have mixed ratings, with a consensus target price of $617.2.
October 07, 2024 | 2:01 pm
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NEGATIVE IMPACT
The options market indicates a bearish sentiment towards Adobe, with significant trades suggesting potential price movements. Analysts have mixed ratings, with a consensus target price of $617.2.
The options market shows a bearish sentiment with 45% of trades being bearish. This suggests that investors expect Adobe's stock price to potentially decrease in the short term. Additionally, the stock is currently down by 1.04%, and RSI indicators suggest it may be oversold. Analysts have mixed ratings, but the overall sentiment from the options market is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100