This Is What Whales Are Betting On Amazon.com
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Amazon.com (NASDAQ:AMZN), with 72% of the spotted trades being bearish. The whales have been targeting a price range from $126.0 to $147.5 for Amazon.com over the last 3 months. Several financial firms have maintained or downgraded their ratings on Amazon, with price targets ranging from $160 to $185. The current price of AMZN is $132.81, up 0.08%.
October 31, 2023 | 2:31 pm
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NEGATIVE IMPACT
Bearish stance by a whale investor and downgraded ratings by several financial firms may impact Amazon's stock price.
The bearish stance by a whale investor indicates a lack of confidence in the stock's performance, which could lead to a sell-off. Additionally, downgraded ratings by financial firms suggest that they expect the stock's performance to be less than stellar, which could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100