This Is What Whales Are Betting On Qualcomm
Portfolio Pulse from Benzinga Insights
A significant bullish position has been taken on Qualcomm (NASDAQ:QCOM), as observed from publicly available options history. The sentiment among big-money traders is split 50-50 between bullish and bearish. The whales have been targeting a price range from $95.0 to $130.0 for Qualcomm over the last 3 months. The current price of QCOM is down -1.98% at $110.52. Wells Fargo maintains an Underweight rating on Qualcomm with a price target of $100, while Keybanc, Rosenblatt, and Mizuho have downgraded their actions to Overweight and Buy with price targets of $145 and $140 respectively.

September 19, 2023 | 3:32 pm
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A significant bullish position has been taken on Qualcomm, with a split sentiment among big-money traders. The current price is down, and there are mixed ratings from various financial institutions.
The news indicates a significant bullish position on Qualcomm, suggesting some investors expect the stock to rise. However, the sentiment among big-money traders is split, and the current price is down, indicating uncertainty. Additionally, there are mixed ratings from financial institutions, which could influence investor sentiment and the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100