Li Auto Unusual Options Activity For August 11
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Li Auto (NASDAQ:LI) by a whale investor. The investor has targeted a price range from $5.0 to $55.0 for Li Auto over the last 3 months. The price of LI is currently down -5.99% at $40.28. Barclays has maintained their Overweight rating on Li Auto, with a price target of $48.
August 11, 2023 | 3:30 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on Li Auto, targeting a price range from $5.0 to $55.0 over the last 3 months. The price of LI is currently down -5.99% at $40.28. Barclays has maintained their Overweight rating on Li Auto, with a price target of $48.
The bearish stance taken by a whale investor, coupled with the current price drop of -5.99%, indicates a potential negative short-term impact on Li Auto's stock. However, Barclays' maintained Overweight rating and price target of $48 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100