Looking At Booking Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $2450.0 to $3400.0 for Booking Holdings over the last 3 months. The current price of BKNG is down -0.86% at $2986.34. Several financial institutions have maintained their ratings on Booking Holdings, with price targets ranging from $2800 to $3500.
July 31, 2023 | 2:16 pm
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Unusual options activity indicates a significant bearish stance on Booking Holdings. The sentiment among big-money traders is split, with a slight lean towards bearish. Price targets from various financial institutions range from $2800 to $3500.
The unusual options activity, with a bearish sentiment, indicates that large investors are expecting the price of Booking Holdings to decrease. This, combined with the current price decrease of -0.86%, suggests a negative short-term impact on the stock. However, the price targets set by various financial institutions suggest a potential for growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100