This Is What Whales Are Betting On JD.com
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on JD.com (NASDAQ:JD), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $30.0 to $41.26 for JD.com over the last 3 months. The price of JD is currently down -1.51% at $33.98. Citigroup, B of A Securities, JP Morgan, and Mizuho have maintained their ratings on JD.com with price targets of $64, $51, $40, and $60 respectively.
August 30, 2023 | 5:01 pm
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JD.com has seen significant options trading activity, with a whale investor taking a bullish stance. The current price is down -1.51% at $33.98, but analysts from Citigroup, B of A Securities, JP Morgan, and Mizuho have maintained their ratings with price targets of $64, $51, $40, and $60 respectively.
The bullish stance of a whale investor, combined with the maintained ratings and price targets from major financial institutions, suggests a positive short-term impact on JD.com's stock. However, the current price drop indicates some market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100