Check Out What Whales Are Doing With NKE
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Nike (NYSE:NKE), as observed in publicly available options history. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $55.0 to $130.0 for Nike over the last 3 months. The price of NKE is currently down -0.27% at $108.77, and RSI indicators suggest the stock may be approaching oversold.
July 24, 2023 | 7:30 pm
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A large bearish position has been taken on Nike, indicating potential downward pressure on the stock. The current price is down -0.27% at $108.77, and the stock may be approaching oversold according to RSI indicators.
The large bearish position taken on Nike indicates that big-money traders expect the stock price to decrease. This could put downward pressure on the stock. Additionally, the stock may be approaching oversold according to RSI indicators, which could further contribute to a potential decrease in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100