This Is What Whales Are Betting On Advanced Micro Devices
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by a large position in the company's publicly available options history. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $90.0 to $165.0 for AMD over the last 3 months. Several financial institutions have maintained their ratings on AMD, with price targets ranging from $120 to $200.
June 30, 2023 | 4:46 pm
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A large investor has taken a bearish stance on Advanced Micro Devices, with big-money traders sentiment being 33% bullish and 66% bearish. The company has received various ratings from financial institutions, with price targets ranging from $120 to $200.
The bearish stance taken by a large investor, as indicated by the large position in AMD's options history, could potentially lead to a decrease in the company's stock price. The sentiment among big-money traders being more bearish than bullish also indicates a potential decrease in the stock price. However, the various price targets set by financial institutions suggest that there is still confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100