This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Chevron (NYSE:CVX), with 61% of detected trades having bearish expectations. Whales have been targeting a price range of $150 to $185 for Chevron over the last 3 months. Chevron's stock price is down 1.29% at $152.09, and RSI indicators suggest it may be approaching oversold.
May 30, 2023 | 3:46 pm
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Whale investor's bearish stance on Chevron (NYSE:CVX) may impact the stock price in the short term. The stock is down 1.29% at $152.09, and RSI indicators suggest it may be approaching oversold.
The article highlights a whale investor taking a bearish stance on Chevron, with 61% of detected trades being bearish. This could lead to increased selling pressure on the stock, causing the price to decline in the short term. Additionally, RSI indicators suggest that the stock may be approaching oversold territory, which could further impact the stock price.
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