Looking At Alibaba Gr Holding's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a bearish stance being taken by a majority of investors. Of the 93 unusual trades detected, 60% were bearish and 39% bullish. The total amount for puts was $4,817,476 and for calls was $1,870,425. Whales have been targeting a price range from $30.0 to $265.0 for Alibaba over the last 3 months. Susquehanna has downgraded its action to Positive with a price target of $160.
September 18, 2023 | 8:15 pm
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NEGATIVE IMPACT
Alibaba has seen significant unusual options activity, with a bearish stance being taken by a majority of investors. Susquehanna has downgraded its action to Positive with a price target of $160.
The bearish stance taken by a majority of investors in the unusual options activity indicates a negative sentiment towards Alibaba. This, coupled with the downgrade by Susquehanna, could potentially lead to a decrease in Alibaba's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100