Check Out What Whales Are Doing With JD.com
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on JD.com (NASDAQ:JD), with 61% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $22.5 to $52.5 for JD.com over the last 3 months. The price of JD is up 2.0% at $41.34. Benchmark has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $73.
July 31, 2023 | 3:03 pm
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A whale investor has taken a bearish stance on JD.com, with the majority of investors opening bearish trades. However, Benchmark maintains a Buy rating with a price target of $73.
The bearish stance taken by a whale investor and the majority of other investors could potentially drive the stock price down in the short term. However, the Buy rating maintained by Benchmark suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100