Deere's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors are showing a bearish stance on Deere (NYSE:DE) with unusual options activity detected. The sentiment is split with 25% bullish and 37% bearish. Analysts have set an average price target of $445.33, with some maintaining a neutral rating and others a buy rating.
October 11, 2024 | 2:32 pm
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Deere is experiencing unusual options activity with a bearish sentiment. Analysts have mixed ratings, with an average price target of $445.33. The stock is currently trading at $409.95, up by 1.03%.
The unusual options activity with a bearish sentiment suggests potential downward pressure on Deere's stock price. Despite some analysts maintaining a buy rating, the overall sentiment from options traders is bearish, which could impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100