Looking At Alphabet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Alphabet (NASDAQ:GOOGL), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades for Alphabet, with 16% bullish and 83% bearish sentiment. The whales have been targeting a price range from $120.0 to $135.0 for Alphabet over the last 3 months. Several financial institutions have given their ratings on Alphabet, with B of A Securities maintaining a Buy rating and a price target of $128, while others have downgraded their actions.
July 03, 2023 | 2:31 pm
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NEGATIVE IMPACT
Alphabet has seen unusual options activity with a bearish stance taken by a large investor. The targeted price range is $120-$135. Ratings from financial institutions are mixed.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential downward movement for Alphabet's stock in the short term. The mixed ratings from financial institutions further add to the uncertainty around the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100