Looking At Alibaba Group Holding's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $35.0 to $180.0. Several financial institutions have downgraded their ratings for Alibaba, with price targets ranging from $98 to $180. The company's next earnings report is expected in 14 days.
July 20, 2023 | 6:02 pm
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Alibaba Group Holding has seen unusual options activity, with a bearish stance being taken by a majority of investors. Several financial institutions have downgraded their ratings for the company, with price targets ranging from $98 to $180.
The bearish stance taken by a majority of investors in the options market, combined with the downgraded ratings and price targets from several financial institutions, could potentially have a negative impact on Alibaba's stock price in the short term.
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