Check Out What Whales Are Doing With COP
Portfolio Pulse from Benzinga Insights
A large bearish position on ConocoPhillips (NYSE:COP) has been spotted, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $50 to $110 for COP over the last 3 months.
June 05, 2023 | 7:46 pm
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A large bearish position has been spotted on ConocoPhillips, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $50 to $110 for COP over the last 3 months.
The large bearish position on ConocoPhillips indicates that big-money traders expect the stock price to decline in the short term. With 69% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. Additionally, the targeted price range of $50 to $110 suggests that there is potential for significant price movement.
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