Alibaba Group Holding Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 52% of detected unusual options trades being bullish and 47% bearish. Whales have targeted a price range of $70 to $110 for BABA over the last 3 months. Several financial institutions maintain a Buy rating on the stock with price targets ranging from $130 to $180.
May 19, 2023 | 5:04 pm
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Alibaba Group Holding (NYSE:BABA) has seen unusual options activity, with a whale taking a bullish stance. Multiple financial institutions maintain Buy ratings on the stock with price targets ranging from $130 to $180.
The bullish stance taken by the whale, along with the Buy ratings maintained by multiple financial institutions, indicates a positive short-term impact on Alibaba's stock price. The targeted price range of $70 to $110 by whales over the last 3 months also supports this analysis.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100