Looking At Booking Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 91% of recent unusual options activity being bearish. Whales have been targeting a price range of $2100 to $2675 for the company over the last 3 months. Wells Fargo downgraded its action to Underweight with a price target of $2257, while Wedbush downgraded its action to Outperform with a price target of $3060.
June 26, 2023 | 5:02 pm
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NEGATIVE IMPACT
Booking Holdings has seen a bearish stance from a whale, with 91% of recent unusual options activity being bearish. The company's stock price may be impacted by the downgrade actions from Wells Fargo and Wedbush.
The bearish stance from a whale, who has a significant amount of money to spend, indicates a negative sentiment towards Booking Holdings. Additionally, the downgrade actions from Wells Fargo and Wedbush may lead to a negative impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100