This Is What Whales Are Betting On DexCom
Portfolio Pulse from Benzinga Insights
Large investors, or 'whales', have taken a bearish stance on DexCom (NASDAQ:DXCM), with 68% of big-money traders showing bearish sentiment. The overall sentiment is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $85.0 to $110.0 for DexCom over the last 3 months. The price of DXCM is up 0.59% at $93.31. Three professional analysts have given an average price target of $103.67 for DXCM.
November 09, 2023 | 7:17 pm
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Large investors have shown a bearish sentiment towards DexCom (DXCM), with a targeted price range of $85.0 to $110.0. The current price is $93.31, and analysts have given an average price target of $103.67.
The bearish sentiment from large investors, combined with the current price being within the targeted price range, suggests a potential downward pressure on the stock price in the short term. However, the average analyst price target is higher than the current price, which could provide some upward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100