This Is What Whales Are Betting On Atlassian
Portfolio Pulse from Benzinga Insights
A large bearish position on Atlassian (NASDAQ: TEAM) has been spotted, with 60% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $180 to $250 for Atlassian over the last 3 months. Wells Fargo maintains an Overweight rating with a $200 price target, while Barclays maintains an Equal-Weight rating with a $130 price target.
June 06, 2023 | 7:46 pm
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A large bearish position on Atlassian has been spotted, with 60% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $180 to $250 for Atlassian over the last 3 months.
The large bearish position on Atlassian indicates that big-money traders expect the stock price to decline in the short term. With 60% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. Additionally, the targeted price range of $180 to $250 suggests that there is potential for significant price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100