Check Out What Whales Are Doing With BABA
Portfolio Pulse from Benzinga Insights
A large bearish position on Alibaba Group Holding (NYSE:BABA) has been spotted, with 69% of big-money traders being bearish. Whales have been targeting a price range of $75 to $100 for BABA over the last 3 months. Several experts maintain Buy or Outperform ratings with price targets ranging from $115 to $145.
June 07, 2023 | 2:32 pm
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A large bearish position has been spotted on Alibaba Group Holding (NYSE:BABA), with 69% of big-money traders being bearish. Whales have been targeting a price range of $75 to $100 for BABA over the last 3 months.
The large bearish position on Alibaba Group Holding indicates that big-money traders expect the stock price to decline in the short term. With 69% of these traders being bearish and whales targeting a price range of $75 to $100, it is likely that the stock price will be negatively impacted in the short term. However, several experts maintain Buy or Outperform ratings with higher price targets, which may provide some support for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100