Airbnb Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. Needham has maintained their Buy rating on Airbnb, with a price target of $160.
July 11, 2023 | 5:02 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Airbnb. The sentiment of big-money traders is 66% bearish. Needham maintains a Buy rating with a price target of $160.
The unusual options activity, with a significant bearish sentiment, suggests that large investors are expecting Airbnb's stock price to decrease. This could put downward pressure on the stock in the short term. However, Needham's maintained Buy rating indicates a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100