This Is What Whales Are Betting On SLB
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), with 55% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $47.5 to $67.5 for SLB over the last 3 months. The price of SLB is currently up 5.28% at $51.72. The next earnings are expected to be released in 14 days.
July 07, 2023 | 3:50 pm
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A whale investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), indicating potential downward pressure on the stock in the short term.
The bearish stance taken by a whale investor, who typically has significant influence on the market, suggests that there may be downward pressure on the stock price of Schlumberger Limited (NYSE:SLB) in the short term. This is further supported by the fact that 55% of the investors opened trades with bearish expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100