Check Out What Whales Are Doing With XOM
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Exxon Mobil (NYSE:XOM), with 73% of the spotted trades being bearish and 26% bullish. The total amount for puts is $1,302,247 and for calls is $464,104. Whales have been targeting a price range from $100.0 to $140.0 for Exxon Mobil over the last 3 months. The current price of XOM is $105.53, with RSI indicators suggesting it may be approaching overbought. Next earnings are expected in 3 days.
July 25, 2023 | 4:16 pm
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A whale investor has taken a bearish stance on Exxon Mobil. The majority of the spotted trades are bearish, and the targeted price range is between $100 and $140. The current price of XOM is $105.53, and it may be approaching overbought.
The bearish stance taken by a whale investor, along with the majority of the spotted trades being bearish, suggests a potential downward pressure on the stock price. The targeted price range indicates the levels that these investors are expecting the stock to reach. The current price of XOM is within this range, but RSI indicators suggest it may be approaching overbought, which could lead to a price correction. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100