This Is What Whales Are Betting On Advanced Micro Devices
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Advanced Micro Devices (AMD), with 53% of investors opening trades with bearish expectations. The whales have been targeting a price range from $90.0 to $155.0 for AMD over the last 3 months. The price of AMD is currently up 0.27% at $102.09, with RSI indicators suggesting the stock may be approaching overbought. The next earnings are expected to be released in 8 days.
October 23, 2023 | 5:30 pm
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A significant investor has taken a bearish stance on AMD, with the majority of trades being bearish. The stock price is currently up, but may be approaching overbought. Earnings are expected in 8 days.
The bearish stance taken by a significant investor, along with the majority of trades being bearish, suggests a potential downward pressure on the stock price. The current price increase and the indication of the stock being potentially overbought further support this. The upcoming earnings release could also impact the stock price, depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100