Li Auto Unusual Options Activity For July 03
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Li Auto (NASDAQ:LI) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 59% bearish. The price of LI is up 7.97% at $37.9, with RSI indicators suggesting the stock may be overbought. The next earnings are expected to be released in 42 days.
July 03, 2023 | 2:06 pm
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A large investor has taken a bearish stance on Li Auto, with the stock price currently up 7.97% at $37.9. The stock may be overbought according to RSI indicators.
The bearish stance taken by a large investor indicates a potential decrease in the stock price. The current increase in stock price and the RSI indicators suggesting the stock may be overbought further support this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100