This Is What Whales Are Betting On DexCom
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on DexCom (NASDAQ:DXCM) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 18% bullish and 81% bearish. The whales have been targeting a price range from $85.0 to $95.0 for DexCom over the last 3 months. UBS and Raymond James have maintained their Buy and Strong Buy ratings on DexCom, respectively.
September 28, 2023 | 2:01 pm
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A large investor has taken a bearish stance on DexCom, with the sentiment of big-money traders being 81% bearish. This could potentially impact the stock price negatively in the short term.
The bearish stance taken by a large investor, as well as the overall bearish sentiment among big-money traders, could potentially lead to a decrease in DexCom's stock price in the short term. This is due to the fact that such large-scale bearish activity often influences other investors' perceptions and decisions, potentially leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100