Check Out What Whales Are Doing With JPM
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 55% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $135.0 to $185.0 for JPMorgan Chase over the last 3 months. The price of JPM is up 0.26% at $157.31, and RSI indicators suggest that the stock may be overbought. The next earnings are expected to be released in 74 days.
July 31, 2023 | 6:32 pm
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A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM). The stock price is up 0.26% at $157.31, and RSI indicators suggest that the stock may be overbought.
The bearish stance taken by a significant investor, along with the overbought status indicated by RSI, suggests a potential downward pressure on the stock price in the short term. However, the actual impact will depend on broader market conditions and upcoming earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100