This Is What Whales Are Betting On Qualcomm
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Qualcomm (NASDAQ:QCOM), with 70% of detected trades having bearish expectations. Whales have been targeting a price range of $92 to $105 for Qualcomm over the last 3 months. The stock is currently down 1.86% at $101.63, with RSI indicators suggesting it may be approaching oversold.
May 24, 2023 | 4:09 pm
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Whale investor's bearish stance on Qualcomm may impact the stock price in the short term. The stock is currently down 1.86% at $101.63, with RSI indicators suggesting it may be approaching oversold.
The whale investor's bearish stance on Qualcomm, with 70% of detected trades having bearish expectations, may lead to increased selling pressure on the stock. This, combined with the stock's current downtrend and RSI indicators suggesting it may be approaching oversold, could result in a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100