This Is What Whales Are Betting On JD.com
Portfolio Pulse from Benzinga Insights
A large bearish position on JD.com (NASDAQ:JD) has been spotted, with 58% of big-money traders being bearish and 41% bullish. Whales have been targeting a price range of $32.5 to $42.5 for JD.com over the last 3 months.
June 05, 2023 | 7:30 pm
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A large bearish position on JD.com has been spotted, with 58% of big-money traders being bearish and 41% bullish. Whales have been targeting a price range of $32.5 to $42.5 for JD.com over the last 3 months.
The large bearish position indicates that a significant number of big-money traders believe JD.com's stock price will decline in the short term. This bearish sentiment, combined with the targeted price range of $32.5 to $42.5, suggests that the stock price may experience downward pressure.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100