Check Out What Whales Are Doing With Deere
Portfolio Pulse from Benzinga Insights
A large bearish position on Deere (NYSE:DE) has been spotted, with 60% of big-money traders being bearish and 40% bullish. Whales have been targeting a price range of $340 to $385 for Deere over the last 3 months.
June 07, 2023 | 2:16 pm
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A large bearish position has been spotted on Deere (NYSE:DE), with 60% of big-money traders being bearish and 40% bullish. Whales have been targeting a price range of $340 to $385 for Deere over the last 3 months.
The large bearish position spotted on Deere indicates that big-money traders are expecting the stock price to go down in the short term. This could be due to various factors such as market sentiment, technical indicators, or other factors not mentioned in the article. The fact that 60% of big-money traders are bearish while 40% are bullish shows that there is a significant bearish sentiment among these traders. Additionally, the targeted price range of $340 to $385 by whales over the last 3 months suggests that they expect the stock price to move within this range, which could have a negative impact on the stock price in the short term.
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