This Is What Whales Are Betting On Amazon.com
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Amazon.com (NASDAQ:AMZN), with 64% of detected trades indicating bearish expectations. The targeted price range for Amazon.com over the last 3 months has been $115.0 to $133.0. Several experts have downgraded their actions on Amazon, with price targets ranging from $160 to $180. The company's next earnings are expected to be released in 7 days.
October 19, 2023 | 1:46 pm
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Bearish sentiment detected in trades for Amazon.com, with a targeted price range of $115.0 to $133.0. Several experts have downgraded their actions on the company, with price targets ranging from $160 to $180.
The bearish sentiment detected in trades, along with the downgraded actions and price targets set by experts, suggest a potential decrease in Amazon.com's stock price in the short term. The upcoming earnings release could also impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100