Check Out What Whales Are Doing With BIDU
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Baidu (NASDAQ:BIDU), with 70% of the spotted trades being bearish. The total amount for puts is $62,135 and for calls is $440,984. Whales have been targeting a price range from $125.0 to $200.0 for Baidu over the last 3 months. The price of BIDU is down -2.83% at $137.9. Morgan Stanley upgraded its action to Overweight with a price target of $190.
July 06, 2023 | 7:47 pm
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A whale investor has taken a bearish stance on Baidu. The majority of the trades are bearish, and the price of BIDU is down. However, Morgan Stanley has upgraded its action to Overweight with a price target of $190.
The bearish stance taken by a whale investor, along with the majority of trades being bearish, indicates a potential downward pressure on BIDU's stock price. However, the upgrade by Morgan Stanley could provide some upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100