Check Out What Whales Are Doing With MRNA
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 66% of the spotted trades being bearish. The trades include 3 puts amounting to $167,472 and 12 calls amounting to $761,200. The whales have been targeting a price range from $90.0 to $135.0 for Moderna over the last 3 months. The price of MRNA is currently up 3.82% at $115.32, and RSI indicators suggest that the stock may be approaching overbought.
August 22, 2023 | 3:30 pm
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A whale investor has taken a bearish stance on Moderna, with the majority of the trades being bearish. The targeted price range is $90-$135. The current price is up 3.82% at $115.32.
The bearish stance taken by a whale investor, who typically has significant influence on the market, could potentially drive the stock price down in the short term. The targeted price range also suggests that the investor expects the price to fluctuate within this range. The current price increase and the indication of the stock being potentially overbought may also suggest a possible correction in the near future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100