Check Out What Whales Are Doing With NVDA
Portfolio Pulse from Benzinga Insights
A large bearish position on NVIDIA (NASDAQ:NVDA) has been noticed, with 674 uncommon options trades spotted, split between 42% bullish and 57% bearish. Whales have been targeting a price range from $130.0 to $900.0 for NVIDIA over the last 3 months. The price of NVDA is up 2.89% at $484.76. Several experts maintain positive ratings on NVIDIA, with price targets ranging from $540 to $650.
August 24, 2023 | 4:46 pm
News sentiment analysis
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A large bearish position has been taken on NVIDIA, with a split sentiment among big-money traders. The stock price is currently up, and experts maintain positive ratings with high price targets.
The bearish position indicates a potential drop in NVIDIA's stock price. However, the stock price is currently up and experts maintain positive ratings, which could counteract the bearish sentiment. The large volume of uncommon options trades also indicates significant interest in the stock, which could influence its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100