Check Out What Whales Are Doing With INTU
Portfolio Pulse from Benzinga Insights
A large bearish position on Intuit (NASDAQ:INTU) has been spotted, with 60% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $400 to $470 for Intuit over the last 3 months. Mizuho and Barclays maintain their Buy and Overweight ratings on Intuit, with price targets of $550 and $495, respectively.
May 18, 2023 | 7:46 pm
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A large bearish position has been spotted on Intuit, with 60% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $400 to $470 for Intuit over the last 3 months.
The large bearish position on Intuit indicates that big-money traders expect the stock price to decline in the short term. With 60% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. Additionally, the targeted price range of $400 to $470 suggests that there is potential downside from the current price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100