This Is What Whales Are Betting On Alibaba Group Holding
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 65 uncommon options trades spotted by Benzinga's options scanner. The sentiment is split between 56% bullish and 43% bearish, with a price target range of $65 to $115 for Alibaba over the last 3 months.
May 23, 2023 | 4:46 pm
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A large investor has taken a bullish stance on Alibaba (NYSE:BABA), with 65 uncommon options trades spotted. The sentiment is split between 56% bullish and 43% bearish, with a price target range of $65 to $115 for Alibaba over the last 3 months.
The large investor's bullish stance on Alibaba, along with the 56% bullish sentiment among big-money traders, indicates a positive short-term impact on the stock price. The price target range of $65 to $115 over the last 3 months also suggests potential upside for the stock. However, the 43% bearish sentiment among traders adds some uncertainty to the analysis.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100