This Is What Whales Are Betting On Alphabet
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Alphabet (NASDAQ:GOOGL), with 60% of detected trades having bullish expectations and 40% bearish. Whales have been targeting a price range of $95.0 to $127.5 for Alphabet over the last 3 months. JMP Securities and Wells Fargo have downgraded their actions on Alphabet.
June 26, 2023 | 2:05 pm
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NEUTRAL IMPACT
Whale investor bullish on Alphabet, targeting a price range of $95.0 to $127.5. JMP Securities and Wells Fargo downgrade actions.
The bullish stance of the whale investor may have a positive impact on Alphabet's stock price, but the downgrades by JMP Securities and Wells Fargo could counteract this effect. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100