Alibaba Gr Holding Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $15.0 to $130.0 for Alibaba over the last 3 months. The current price of BABA is down -0.75% at $87.91. Several financial institutions have maintained or upgraded their ratings on Alibaba, with price targets ranging from $120 to $180.
August 22, 2023 | 5:31 pm
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Alibaba has seen unusual options activity, with a majority of investors bearish. The stock price is currently down, but several financial institutions have maintained or upgraded their ratings on the company.
The bearish stance of the majority of investors in the options market could put downward pressure on Alibaba's stock price in the short term. However, the maintained or upgraded ratings from financial institutions could provide some support.
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