This Is What Whales Are Betting On Alibaba Group Holding
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Alibaba Group Holding (NYSE:BABA) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split, with 33% bullish and 66% bearish. Whales have been targeting a price range from $80.0 to $140.0 for Alibaba over the last 3 months. Bernstein, Loop Capital, and Benchmark have given price targets of $98, $135, and $180 respectively.
June 30, 2023 | 2:47 pm
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A large investor has taken a bearish stance on Alibaba, with unusual options trades indicating a price target range of $80.0 to $140.0. Analysts have given varied price targets.
The bearish stance taken by a large investor, as indicated by unusual options trades, suggests a potential downward pressure on Alibaba's stock price. The sentiment among big-money traders is more bearish than bullish, which could further impact the stock negatively. However, analysts' price targets vary, indicating uncertainty in the market.
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