Check Out What Whales Are Doing With AMGN
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Amgen (NASDAQ:AMGN), with 78% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $245.0 to $280.0 for Amgen over the last 3 months. The price of AMGN is down -1.05% at $267.98. Argus Research maintains their Buy rating on Amgen with a price target of $280, while Truist Securities and HSBC have downgraded their actions to Hold and Buy with price targets of $260 and $320 respectively.
September 29, 2023 | 6:03 pm
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A whale investor has taken a bearish stance on Amgen, with majority of investors opening bearish trades. Analysts have mixed ratings with price targets ranging from $245 to $320.
The bearish stance taken by a whale investor, along with the majority of investors opening bearish trades, indicates a potential downward pressure on the stock. However, the mixed analyst ratings and wide range of price targets suggest uncertainty in the market, which could lead to volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100