This Is What Whales Are Betting On JD.com
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on JD.com (NASDAQ:JD), with 90% of detected trades showing bearish expectations. Whales have been targeting a price range of $17.5 to $40.0 for JD.com over the last 3 months. The stock is currently up 2.0% at $35.67, with RSI indicators suggesting it may be approaching overbought.
June 27, 2023 | 3:48 pm
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Whale investor takes a bearish stance on JD.com, with 90% of detected trades showing bearish expectations. The stock is currently up 2.0% at $35.67.
The article highlights that a whale investor has taken a bearish stance on JD.com, with 90% of detected trades showing bearish expectations. This indicates that the investor believes the stock price will decline in the short term. The stock is currently up 2.0% at $35.67, but RSI indicators suggest it may be approaching overbought, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100