Looking At Airbnb's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Airbnb (NASDAQ:ABNB) has been observed in recent unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $100.0 to $150.0 for Airbnb over the last 3 months. The price of ABNB is currently down -0.86% at $131.11. Analysts from Baird, Morgan Stanley, Deutsche Bank, DA Davidson, and Citigroup have maintained their ratings on Airbnb with varying price targets.
August 30, 2023 | 4:46 pm
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Airbnb has seen unusual options activity with a bearish sentiment. The price of ABNB is currently down -0.86% at $131.11. Analysts have maintained their ratings on Airbnb with varying price targets.
The bearish sentiment observed in the unusual options activity indicates that big-money traders are expecting the price of Airbnb to decrease. This, combined with the current price decrease of -0.86%, suggests a negative short-term impact on the stock. The varying price targets from analysts also add to the uncertainty around the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100