Check Out What Whales Are Doing With BKNG
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 38% bullish and 61% bearish. The whales have been targeting a price range from $1420.0 to $4000.0 for Booking Holdings over the last 3 months. Several financial institutions have maintained their positive ratings on Booking Holdings, with price targets ranging from $3130 to $3600.
August 11, 2023 | 2:16 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Booking Holdings, indicated by unusual options activity. This could potentially impact the stock's price in the short term.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be a belief that the stock's price will decrease in the short term. This could potentially lead to increased selling pressure on the stock, which could negatively impact its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100