This Is What Whales Are Betting On Amazon.com
Portfolio Pulse from Benzinga Insights
A large bearish position on Amazon.com (NASDAQ:AMZN) has been noticed on publicly available options history. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $60.0 to $185.0 for Amazon.com over the last 3 months. Several experts have downgraded their actions on Amazon with price targets ranging from $140 to $155.
July 17, 2023 | 8:46 pm
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A large bearish position has been taken on Amazon.com, with big-money traders sentiment being more bearish than bullish. Several experts have downgraded their actions on Amazon.
The large bearish position taken on Amazon.com indicates that there is a belief that the stock price will decrease. This, combined with the fact that several experts have downgraded their actions on Amazon, suggests that the stock price may decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100