Baidu Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $120.0 to $170.0 for Baidu over the last 3 months. Morgan Stanley upgraded its action to Overweight with a price target of $190, while B of A Securities maintained their Buy rating with a price target of $228.
July 14, 2023 | 6:47 pm
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Baidu has seen unusual options activity with a significant bullish stance. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $120.0 to $170.0 for Baidu over the last 3 months.
The unusual options activity indicates that there is a significant interest in Baidu's stock, with a bullish stance. This could potentially drive the stock price up in the short term. The sentiment among these big-money traders is split between 58% bullish and 41% bearish, indicating a potential upward movement. Additionally, the upgrade from Morgan Stanley and the maintained Buy rating from B of A Securities could also positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100