Alibaba Group Holding Unusual Options Activity
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 activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $70.0 to $160.0 for Alibaba over the last 3 months. The price of BABA is currently down -1.52% at $83.02. Bernstein downgraded its action to Market Perform with a price target of $98, Loop Capital maintained their Buy rating with a price target of $135, and Benchmark downgraded its action to Buy with a price target of $180.

July 06, 2023 | 2:47 pm
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Unusual options activity indicates a significant bearish stance on Alibaba. The sentiment among big-money traders is split, with a slight lean towards bearish. The price of BABA is currently down.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Alibaba to decrease. This, combined with the current downward trend in the price of BABA, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100