Alibaba Gr Holding Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Alibaba Group Holding's (NYSE:BABA) options, with 53% of investors showing bearish expectations. The price range targeted by these investors over the last three months is $45.0 to $270.0. The price of BABA is currently down by 2.42% at $94.22. 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 08, 2023 | 8:45 pm
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Bearish trades observed in Alibaba's options, with a price range targeted from $45.0 to $270.0. Baird 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.
The bearish stance observed in Alibaba's options trading indicates a negative sentiment among investors, which could potentially lead to a decrease in the stock's price. Additionally, the downgrade by Baird could also negatively impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100