This Is What Whales Are Betting On Baidu
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Baidu (NASDAQ:BIDU), with 70% of big-money traders being bearish and 30% bullish. Whales have been targeting a price range of $105 to $200 for Baidu over the last 3 months.
May 19, 2023 | 5:32 pm
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A large investor's bearish stance on Baidu (NASDAQ:BIDU) may indicate potential short-term downward pressure on the stock price.
The article highlights a large investor taking a bearish stance on Baidu, with 70% of big-money traders being bearish and 30% bullish. This could indicate that these investors have information or expectations that may lead to a short-term decline in Baidu's stock price. The targeted price range of $105 to $200 also suggests potential volatility in the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100