Check Out What Whales Are Doing With NVDA
Portfolio Pulse from Benzinga Insights
A large bearish position on NVIDIA (NASDAQ:NVDA) has been spotted, with 58% of big-money traders being bearish and 41% bullish. Whales have been targeting a price range of $125 to $770 for NVIDIA over the last 3 months. The stock is currently up 3.76% at $404.09.
May 30, 2023 | 5:31 pm
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A large bearish position has been spotted on NVIDIA, with 58% of big-money traders being bearish. The stock is currently up 3.76% at $404.09.
The large bearish position indicates that a significant investor or institution believes the stock price may decline in the short term. This could lead to increased selling pressure and a potential drop in the stock price. Additionally, the overall sentiment of big-money traders being 58% bearish suggests that there is a higher likelihood of the stock price going down in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100