This Is What Whales Are Betting On NVIDIA
Portfolio Pulse from Benzinga Insights
A large bearish position on NVIDIA (NASDAQ:NVDA) has been noticed, with 48 uncommon options trades spotted. The sentiment of these trades is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $400.0 to $500.0 for NVIDIA over the last 3 months. The price of NVDA is currently down -3.0% at $425.84. Several experts have maintained or upgraded their ratings on NVIDIA, with price targets ranging from $600 to $1100.
September 18, 2023 | 1:47 pm
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NEGATIVE IMPACT
A large bearish position has been taken on NVIDIA, with a split sentiment among big-money traders. The current price is down, but experts maintain positive ratings with high price targets.
The large bearish position and the current price drop indicate potential short-term negative impact. However, the positive ratings and high price targets from experts suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100