Looking At Booking Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $2900.0 to $3800.0 for Booking Holdings over the last 3 months. Tigress Financial maintains a Strong Buy rating on Booking Holdings with a price target of $3855, while Morgan Stanley maintains an Equal-Weight rating with a price target of $3000.
September 06, 2023 | 8:00 pm
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Booking Holdings has seen unusual options activity with a significant bearish stance taken by a large investor. The sentiment among these traders is more bearish than bullish. Analysts from Tigress Financial and Morgan Stanley maintain a Strong Buy and Equal-Weight rating respectively.
The bearish stance taken by a large investor in the options market indicates a potential downside for the stock. However, the positive ratings from analysts could provide some support. The overall impact is likely to be negative in the short term due to the significant bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100