Check Out What Whales Are Doing With AMZN
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Amazon.com (NASDAQ:AMZN), with 63% of detected trades having bearish expectations. Whales have been targeting a price range of $50 to $180 for Amazon over the last 3 months. The stock is currently up 1.54% at $121.95, with RSI indicators suggesting it may be overbought.
May 30, 2023 | 7:31 pm
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A whale investor has taken a bearish stance on Amazon.com (NASDAQ:AMZN), with 63% of detected trades having bearish expectations. The stock is currently up 1.54% at $121.95, with RSI indicators suggesting it may be overbought.
The bearish stance taken by a whale investor, along with the fact that 63% of detected trades have bearish expectations, indicates a potential short-term negative impact on Amazon's stock price. Additionally, RSI indicators suggest the stock may be overbought, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100