Looking At Baidu's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Baidu (NASDAQ:BIDU) with 61% of the investors having bearish expectations. Whales have been targeting a price range of $100 to $145 for Baidu over the last 3 months. The current price of BIDU is down 1.55% at $121.7.
May 31, 2023 | 5:17 pm
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A whale has taken a bearish stance on Baidu (NASDAQ:BIDU) with 61% of the investors having bearish expectations. The current price of BIDU is down 1.55% at $121.7.
The article highlights that a whale has taken a bearish stance on Baidu, with 61% of the investors having bearish expectations. This indicates that there is a significant amount of money betting against the stock, which could lead to downward pressure on the stock price in the short term. The current price of BIDU is already down 1.55% at $121.7, which supports the bearish sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100