Booking Holdings Unusual Options Activity For May 22
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 75% of detected unusual options trades being bearish. The total amount for puts is $792,347, while calls amount to $95,450. Analysts maintain Overweight and Buy ratings with price targets ranging from $2750 to $3000.
May 22, 2023 | 2:19 pm
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NEGATIVE IMPACT
Booking Holdings sees 75% bearish unusual options trades, with puts totaling $792,347 and calls at $95,450. Analysts maintain Overweight and Buy ratings with price targets between $2750 and $3000.
The high percentage of bearish unusual options trades indicates that a significant number of investors are expecting the stock price to go down in the short term. However, analysts maintain positive ratings and price targets, which could create a mixed sentiment in the market. The bearish options trades are likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100