Alibaba Gr Holding Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Alibaba Group Holding (NYSE:BABA) by a large investor, as observed in the unusual options activity. The sentiment among big-money traders is split between 49% bullish and 50% bearish. The whales have been targeting a price range from $25.0 to $140.0 for Alibaba over the last 3 months. Susquehanna has downgraded its action to Positive with a price target of $160.

September 13, 2023 | 5:30 pm
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A large investor has taken a bearish stance on Alibaba, indicating potential downward pressure on the stock.
The unusual options activity indicates that a large investor is expecting Alibaba's stock price to decrease. This could put downward pressure on the stock as other investors may follow suit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100