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 70% of the investors opening trades with bullish expectations and 30% with bearish. The whale has been targeting a price range from $22.5 to $38.76 for JD.com over the last 3 months. The price of JD is currently down -2.65% at $28.3. Loop Capital has maintained their Hold rating on JD.com, with a price target of $39.
October 03, 2023 | 5:16 pm
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A whale investor has taken a bullish stance on JD.com, with majority of investors also showing bullish expectations. The current price is down, but Loop Capital maintains a Hold rating with a price target of $39.
The bullish stance taken by a whale investor, along with the majority of other investors, indicates a positive outlook for JD.com. Despite the current price being down, the maintained Hold rating from Loop Capital with a price target of $39 suggests potential for price increase in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100