This Is What Whales Are Betting On Datadog
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Datadog (NASDAQ:DDOG), with 76% of the detected trades being bearish. The whales have been targeting a price range from $45.0 to $120.0 for Datadog over the last 3 months. The current price of DDOG is up 0.7% at $86.28, with RSI indicators suggesting a neutral position between overbought and oversold. The next earnings are expected to be released in 14 days.
October 24, 2023 | 5:15 pm
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A significant investor has taken a bearish stance on Datadog, with the majority of trades being bearish. The current price of DDOG is up 0.7% at $86.28.
The bearish stance taken by a significant investor, along with the high percentage of bearish trades, suggests a potential downward pressure on the stock price in the short term. However, the current price is up, indicating some positive sentiment in the market. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100