Booking Holdings 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 21% bullish and 78% bearish. The whales have been targeting a price range from $1450.0 to $3900.0 for Booking Holdings over the last 3 months. The current price of BKNG is down -1.51% at $3194.11. Several financial institutions have maintained their positive ratings on Booking Holdings, with price targets ranging from $2800 to $3740.
August 08, 2023 | 1:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Booking Holdings. The current price is down and several financial institutions have maintained their positive ratings.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the price down in the short term. However, the positive ratings maintained by several financial institutions could counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100