This Is What Whales Are Betting On Walt Disney
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Walt Disney (NYSE:DIS), with 59% of the spotted trades being bearish. The whales have been targeting a price range from $50.0 to $150.0 for Walt Disney over the last 3 months. The price of DIS is up 1.5% at $89.42, and RSI indicators suggest that the stock may be approaching oversold. The next earnings are expected to be released in 29 days.
July 11, 2023 | 5:34 pm
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A significant investor has taken a bearish stance on Walt Disney (NYSE:DIS). The stock price is up 1.5% at $89.42, and RSI indicators suggest that the stock may be approaching oversold. The next earnings are expected to be released in 29 days.
The bearish stance taken by a significant investor indicates a potential downward pressure on the stock price. The RSI indicators suggesting that the stock may be approaching oversold also supports this view. The upcoming earnings release could further impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100