Alibaba Gr Holding Unusual Options Activity For August 01
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a bearish stance being taken by a 'whale' investor. Of the 55 strange trades detected, 49% were opened with bullish expectations and 50% with bearish. The price target range for Alibaba over the last 3 months has been between $60.0 to $230.0. The stock is currently down by 1.99% at $100.13. Baird has downgraded its action to Outperform with a price target of $115, while B of A Securities maintains a Buy rating with a price target of $137.
August 04, 2023 | 9:52 am
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Alibaba has seen unusual options activity, with a bearish stance taken by a large investor. The stock is currently down, and analyst ratings vary between Outperform and Buy, with price targets of $115 and $137 respectively.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially drive the stock price down in the short term. The downgrade by Baird to Outperform, although still positive, may also have a negative impact. However, the maintained Buy rating from B of A Securities could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100