Looking At Baidu's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Baidu (NASDAQ:BIDU), with a bearish stance being taken by a majority of investors. Of the 17 strange trades detected, 52% were bearish and 47% were bullish. The trades included 2 puts amounting to $73,750 and 15 calls amounting to $771,157. Whales have been targeting a price range from $115.0 to $170.0 for Baidu over the last 3 months. B of A Securities, Goldman Sachs, and Morgan Stanley have maintained or upgraded their ratings on Baidu, with price targets of $228, $197, and $190 respectively.
July 19, 2023 | 6:01 pm
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Baidu has seen unusual options activity, with a bearish stance being taken by a majority of investors. Analysts from B of A Securities, Goldman Sachs, and Morgan Stanley have maintained or upgraded their ratings on Baidu.
The bearish stance taken by a majority of investors in the unusual options activity could potentially lead to a decrease in Baidu's stock price in the short term. However, the maintained or upgraded ratings from analysts could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100