Check Out What Whales Are Doing With JD.com
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as indicated by a large position in the company's publicly available options history. Benzinga's options scanner spotted 15 uncommon options trades for JD.com, with a sentiment split between 33% bullish and 66% bearish. The whales have been targeting a price range from $30.0 to $45.0 for JD.com over the last 3 months. The price of JD is currently down -5.27% at $36.46. Benchmark has maintained their Buy rating on JD.com, with a price target of $73.
August 11, 2023 | 2:46 pm
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A large investor has taken a bearish stance on JD.com, with a significant position in the company's options. The price of JD.com is currently down -5.27%.
The bearish stance taken by a large investor, as indicated by the uncommon options trades, suggests a negative outlook for JD.com. This, combined with the current price drop, indicates a potential negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100