Looking At JD.com's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for JD.com (NASDAQ:JD), 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 $32.5 to $61.26. The current price of JD.com is $38.81, down by 0.72%. Benchmark has maintained their Buy rating on JD.com with a price target of $73.
August 07, 2023 | 5:15 pm
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NEGATIVE IMPACT
JD.com has seen unusual options activity with a bearish stance. The targeted price range is $32.5 to $61.26. The current price is $38.81, down by 0.72%. Benchmark maintains a Buy rating with a price target of $73.
The bearish stance taken by investors in the options market indicates a negative sentiment towards JD.com, which could put downward pressure on the stock price in the short term. However, the Buy rating maintained by Benchmark suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100