Looking At Baidu's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Baidu (NASDAQ:BIDU), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $130.0 to $200.0 for Baidu over the last 3 months. B of A Securities maintains a Buy rating on Baidu with a price target of $228, while Goldman Sachs downgraded its action to Buy with a price target of $197.
July 24, 2023 | 5:30 pm
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Baidu has seen unusual options activity, with a majority of investors taking a bearish stance. Analysts have mixed views, with B of A Securities maintaining a Buy rating and a price target of $228, while Goldman Sachs has downgraded its action to Buy with a price target of $197.
The unusual options activity, with a majority of investors taking a bearish stance, could potentially impact Baidu's stock price negatively in the short term. The mixed views from analysts, with B of A Securities maintaining a Buy rating and a price target of $228, while Goldman Sachs has downgraded its action to Buy with a price target of $197, could also influence the stock's performance.
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