This Is What Whales Are Betting On General Dynamics
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on General Dynamics (NYSE:GD), with 90% of big-money traders showing bearish sentiment. The price target for GD over the last 3 months has been between $200.0 to $240.0. Deutsche Bank, Berenberg, Susquehanna, and UBS have all given their ratings and price targets for GD. The stock is currently down by 0.3% at $237.24.
October 20, 2023 | 4:45 pm
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A large bearish position has been taken on General Dynamics, with 90% of big-money traders showing bearish sentiment. The price target for GD over the last 3 months has been between $200.0 to $240.0.
The large bearish position taken by big-money traders indicates a negative sentiment towards GD. This, combined with the current price of GD being close to the upper end of the targeted price range, suggests a potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100