This Is What Whales Are Betting On Applied Mat
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 55% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $92.5 to $150.0 for Applied Mat over the last 3 months. The price of AMAT is currently down -3.47% at $135.68. The next earnings are expected to be released in 37 days.
July 11, 2023 | 6:49 pm
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A whale investor has taken a bearish stance on Applied Materials, with 55% of the investors opening trades with bearish expectations. The price of AMAT is currently down -3.47% at $135.68.
The bearish stance taken by a whale investor, who typically has significant influence on the market, suggests a negative outlook for Applied Materials. This, combined with the current price drop, indicates a potential short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100