Check Out What Whales Are Doing With DXCM
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on DexCom (NASDAQ:DXCM) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 15% bullish and 84% bearish. The whales have been targeting a price range from $75.0 to $120.0 for DexCom over the last 3 months. Despite this, several financial institutions have maintained positive ratings on DexCom, with price targets ranging from $130 to $160.
August 22, 2023 | 7:16 pm
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A large investor has taken a bearish stance on DexCom, indicated by unusual options trading activity. However, several financial institutions have maintained positive ratings on the company.
The bearish stance taken by a large investor, indicated by unusual options trading activity, could potentially drive the stock price down in the short term. However, the positive ratings maintained by several financial institutions could counteract this effect to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100