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 Benzinga's options scanner spotting 10 uncommon options trades. The sentiment of these big-money traders is split 50% bullish and 50% bearish. Whales have been targeting a price range of $80 to $105 for Alibaba over the last 3 months.
June 26, 2023 | 2:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
A large investor has taken a bullish stance on Alibaba (NYSE:BABA), with 10 uncommon options trades spotted. Whales have been targeting a price range of $80 to $105 for Alibaba over the last 3 months.
The large investor's bullish stance on Alibaba indicates that they believe the stock price will increase in the short term. The 50% bullish sentiment among big-money traders also supports this view. The targeted price range of $80 to $105 suggests that there is potential for growth in Alibaba's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100