Airbnb Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Airbnb (NASDAQ:ABNB), with 80% of detected trades being bearish and 20% bullish. The trades include 6 puts amounting to $270,434 and 4 calls amounting to $145,788. Whales have been targeting a price range from $110.0 to $172.5 for Airbnb over the last 3 months. Truist Securities maintains a Hold rating on Airbnb with a price target of $126.
September 27, 2023 | 3:31 pm
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Bearish sentiment dominates Airbnb's options trades, potentially impacting the stock's price. Truist Securities maintains a Hold rating with a price target of $126.
The bearish sentiment in Airbnb's options trades indicates that a significant number of investors expect the stock's price to decrease. This could put downward pressure on the stock's price. Additionally, Truist Securities' Hold rating suggests they do not see significant upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100