Alibaba Gr Holding Unusual Options Activity For August 14
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Alibaba Group Holding (NYSE:BABA) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $70.0 to $265.0 for Alibaba over the last 3 months. The price of BABA is currently down -2.12% at $93.7. Analysts from Citigroup, Baird, and Bernstein have maintained their ratings while Benchmark and Baird have downgraded their actions.

August 14, 2023 | 7:46 pm
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Unusual options activity indicates a bearish stance on Alibaba. The price of BABA is currently down -2.12% at $93.7.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in Alibaba's stock price. This is further supported by the current price drop of -2.12%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100