Check Out What Whales Are Doing With Block
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Block (NYSE:SQ), with 70% of detected trades having bearish expectations. Whales have been targeting a price range of $52.5 to $100 for Block over the last 3 months. The stock is currently up 3.36% at $60.62, with RSI indicators suggesting it may be approaching overbought.
May 22, 2023 | 8:16 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on Block, with 70% of detected trades having bearish expectations. The stock is currently up 3.36% at $60.62, with RSI indicators suggesting it may be approaching overbought.
The bearish stance taken by a whale investor indicates a potential negative impact on Block's stock price in the short term. With 70% of detected trades having bearish expectations and RSI indicators suggesting the stock may be approaching overbought, there is a higher likelihood of the stock price going down.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100