Check Out What Whales Are Doing With INTC
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Intel (NASDAQ:INTC), with 58% of detected trades having bearish expectations. Whales have been targeting a price range of $15.0 to $37.5 for Intel over the last 3 months. Intel's stock price is down 2.3% at $29.59, and RSI indicators suggest it may be approaching overbought.
May 23, 2023 | 7:46 pm
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Whale investor takes a bearish stance on Intel, with 58% of detected trades being bearish. Intel's stock price is down 2.3% at $29.59, and RSI indicators suggest it may be approaching overbought.
The bearish stance taken by a whale investor, along with the fact that 58% of detected trades have bearish expectations, indicates a potential negative short-term impact on Intel's stock price. Additionally, RSI indicators suggest that the stock may be approaching overbought territory, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100