Looking At JD.com's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on JD.com (NASDAQ:JD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $27.5 to $50.0 for JD.com over the last 3 months. B of A Securities, Mizuho, and Citigroup have all maintained their Buy rating on JD.com with price targets of $51, $60, and $64 respectively.
August 17, 2023 | 4:46 pm
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Unusual options activity indicates a bullish stance on JD.com. Analysts from B of A Securities, Mizuho, and Citigroup maintain a Buy rating with price targets significantly higher than the current price.
The unusual options activity, with a majority being bullish, indicates that big-money traders are expecting the price of JD.com to rise. This is further supported by the Buy ratings and high price targets given by B of A Securities, Mizuho, and Citigroup.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100