JD.com Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $30.0 to $61.26 for JD.com over the last 3 months. The price of JD is currently down -2.92% at $40.1. Benchmark has maintained their Buy rating on JD.com, with a price target of $73.
August 04, 2023 | 10:12 am
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NEGATIVE IMPACT
A large investor has taken a bearish stance on JD.com, with the overall sentiment among big-money traders being 70% bearish. The current price of JD.com is down -2.92% at $40.1. However, Benchmark has maintained their Buy rating on JD.com, with a price target of $73.
The bearish stance taken by a large investor, along with the overall bearish sentiment among big-money traders, indicates a potential short-term decrease in JD.com's stock price. However, the maintained Buy rating from Benchmark could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100