Check Out What Whales Are Doing With ABNB
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Airbnb (NASDAQ:ABNB), with 14 uncommon options trades spotted, split between 14% bullish and 85% bearish. Whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. The price of ABNB is down -4.12% at $137.3. Barclays, Keybanc, Mizuho, B of A Securities have maintained their ratings on Airbnb, while Needham downgraded its action to Buy with a price target of $160.
August 08, 2023 | 3:15 pm
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A large bearish position has been taken on Airbnb, indicating potential downward pressure on the stock. The price of ABNB is currently down -4.12% at $137.3.
The large bearish position taken on Airbnb indicates that there is a significant amount of money betting on the stock's decline. This could put downward pressure on the stock in the short term. Additionally, the current price of ABNB is down -4.12% at $137.3, which could further contribute to bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100