Li Auto Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Li Auto (NASDAQ:LI), with 60% of detected unusual options trades being bearish. Whales have been targeting a price range of $25 to $33 for Li Auto over the last 3 months. The stock is currently up 4.73% at $30.53, with RSI indicators suggesting it may be overbought. Citigroup, B of A Securities, and Barclays maintain Buy or Overweight ratings with price targets of $54, $37, and $34, respectively.
June 02, 2023 | 2:02 pm
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NEUTRAL IMPACT
A whale has taken a bearish stance on Li Auto, with 60% of detected unusual options trades being bearish. The stock is currently up 4.73% at $30.53, with RSI indicators suggesting it may be overbought.
The bearish stance taken by the whale may create some downward pressure on the stock price in the short term. However, the stock is currently up 4.73% and major banks maintain Buy or Overweight ratings, which could counterbalance the bearish sentiment. The RSI indicators suggest the stock may be overbought, which could lead to a potential price correction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100