Check Out What Whales Are Doing With SHOP
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Shopify (NYSE:SHOP), with 68% of detected trades being bearish. Whales have been targeting a price range from $36.0 to $75.0 for Shopify over the last 3 months. The price of SHOP is currently up 1.01% at $67.94. Several financial institutions have downgraded their ratings on Shopify, while others have maintained their ratings.
July 19, 2023 | 5:16 pm
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Shopify (NYSE:SHOP) has seen a bearish sentiment from investors, with a targeted price range of $36.0 to $75.0. The stock price is currently up 1.01% at $67.94. Ratings from financial institutions are mixed.
The bearish sentiment from investors, coupled with the mixed ratings from financial institutions, could potentially lead to a decrease in Shopify's stock price in the short term. The targeted price range by whales also suggests a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100