Check Out What Whales Are Doing With BKNG
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 5% bullish and 94% bearish. Whales have been targeting a price range from $2300.0 to $3500.0 for Booking Holdings over the last 3 months. The price of BKNG is currently down -1.54% at $2678.81. Wedbush and Wells Fargo have downgraded their actions on BKNG with price targets of $3060 and $2257 respectively.
July 05, 2023 | 6:31 pm
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NEGATIVE IMPACT
Booking Holdings has seen significant bearish options activity, indicating a potential downward trend. The company's stock price is currently down, and it has received downgrades from Wedbush and Wells Fargo.
The bearish options activity indicates that large investors are expecting the price of BKNG to decrease. This, combined with the current downward trend in the stock price and the downgrades from analysts, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100