This Is What Whales Are Betting On Advanced Micro Devices
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Advanced Micro Devices (NASDAQ: AMD), with 70% of detected trades being bearish. Whales have been targeting a price range of $116 to $190 for AMD over the last 3 months. The stock is currently down 1.14% at $117.57, and RSI indicators suggest it may be approaching overbought.
June 21, 2023 | 2:10 pm
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Whale investor takes a bearish stance on AMD, with 70% of detected trades being bearish. The stock is currently down 1.14% at $117.57, and RSI indicators suggest it may be approaching overbought.
The bearish stance taken by the whale investor, along with the fact that 70% of detected trades are bearish, indicates a potential short-term negative impact on AMD's stock price. Additionally, RSI indicators suggest that the stock may be approaching overbought territory, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100