This Is What Whales Are Betting On Qualcomm
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Qualcomm (NASDAQ:QCOM), with 77% of the observed trades being bearish. The whales have been targeting a price range from $70.0 to $125.0 for Qualcomm over the last 3 months. The current price of QCOM is $111.49, up 0.19%, and the RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 12 days.
October 20, 2023 | 6:45 pm
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A significant investor has taken a bearish stance on Qualcomm, with the majority of trades being bearish. The stock may be approaching overbought according to RSI indicators.
The bearish stance taken by a significant investor, along with the RSI indicators suggesting that the stock may be overbought, could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100