JD.com Unusual Options Activity For September 19
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The price target for JD.com over the last 3 months has been between $17.5 and $55.0. The current price of JD is down -1.61% at $30.62. Susquehanna and Loop Capital have maintained their Neutral and Hold ratings on JD.com, respectively.
September 19, 2023 | 2:31 pm
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Unusual options activity indicates a bearish stance on JD.com. The sentiment among big-money traders is split, with 40% bullish and 60% bearish. The price target for JD.com over the last 3 months has been between $17.5 and $55.0.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of JD.com to decrease. This could potentially lead to a short-term decrease in the stock price. The sentiment among these traders is more bearish than bullish, further supporting this expectation. Additionally, the current price of JD.com is already down, which aligns with this bearish outlook.
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IMPORTANCE 80
RELEVANCE 100