Check Out What Whales Are Doing With IBM
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on IBM (NYSE:IBM), with 75% of detected trades showing bearish expectations. The whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. The current price of IBM is $143.82, up 0.26%. Analysts have mixed opinions, with JP Morgan, Wedbush, and Morgan Stanley downgrading their ratings to Neutral or Equal-Weight, while BMO Capital and Stifel maintain their ratings.
July 31, 2023 | 5:45 pm
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A significant number of investors have taken a bearish stance on IBM. The whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. The current price of IBM is $143.82, up 0.26%. Analysts have mixed opinions.
The bearish stance taken by a significant number of investors, as well as the mixed opinions from analysts, could potentially lead to a decrease in IBM's stock price in the short term. The current price is near the upper end of the targeted price range, which may indicate a potential downward adjustment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100