This Is What Whales Are Betting On Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Taiwan Semiconductor (NYSE:TSM), with 54% of investors opening trades with bearish expectations. Whales have been targeting a price range from $80.0 to $98.0 for TSM over the last 3 months. The price of TSM is currently down -1.35% at $90.4. Needham has downgraded its action to Buy with a price target of $118.
August 18, 2023 | 3:16 pm
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Bearish stance taken by significant investor on Taiwan Semiconductor. Price target range of $80.0 to $98.0. Current price down -1.35% at $90.4.
The bearish stance taken by a significant investor, along with the majority of investors opening trades with bearish expectations, indicates a potential downward trend for TSM. The current price is already down, and the targeted price range by whales is below the current price. Needham's downgrade further supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100