This Is What Whales Are Betting On NVIDIA
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on NVIDIA (NASDAQ:NVDA), with 55% of the detected trades being bearish. The targeted price range for NVIDIA over the last 3 months has been $300.0 to $500.0. The current price of NVDA is down -1.14% at $441.54. Several financial institutions have maintained their positive ratings on NVIDIA, with price targets ranging from $530 to $600.
August 09, 2023 | 1:46 pm
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NEGATIVE IMPACT
Bearish sentiment has been detected in NVIDIA trades, with the targeted price range being $300.0 to $500.0. The current price of NVDA is down -1.14% at $441.54. Several financial institutions have maintained their positive ratings on NVIDIA.
The bearish sentiment detected in NVIDIA trades, along with the current price decrease, suggests a potential short-term negative impact on the stock. However, the positive ratings maintained by several financial institutions could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100