Check Out What Whales Are Doing With META
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Meta Platforms (NASDAQ:META), with 68% of detected trades being bearish. Whales have been targeting a price range of $160 to $250 for Meta Platforms over the last 3 months. Several financial institutions maintain positive ratings and price targets for the company.
May 24, 2023 | 2:33 pm
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NEUTRAL IMPACT
Whale investor takes a bearish stance on Meta Platforms, with 68% of detected trades being bearish. Financial institutions maintain positive ratings and price targets.
The bearish stance taken by the whale investor may create short-term downward pressure on Meta Platforms' stock price. However, the positive ratings and price targets maintained by several financial institutions suggest a more optimistic long-term outlook. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100