This Is What Whales Are Betting On Apollo Global Management
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Apollo Global Management (NYSE:APO), with 83% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $67.5 to $82.5 for Apollo Global Management over the last 3 months. The price of APO is currently down -2.8% at $73.9, and RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 28 days.
July 06, 2023 | 3:47 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on Apollo Global Management, with the majority of trades being bearish. The stock price is currently down and may be approaching overbought.
The bearish stance taken by a whale investor, along with the majority of trades being bearish, indicates a negative sentiment towards the stock. This, combined with the current decrease in stock price and the potential overbought status, suggests a potential further decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100