This Is What Whales Are Betting On Alphabet
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Alphabet (NASDAQ:GOOGL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $50.0 to $160.0 for Alphabet over the last 3 months. Alphabet's current price is up 1.36% at $132.31. Several experts have given their ratings on Alphabet, with price targets ranging from $138 to $150.
September 28, 2023 | 6:19 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Alphabet, with unusual options activity indicating a potential price movement. The sentiment among these traders is more bearish than bullish.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be a potential downward price movement for Alphabet. This is further supported by the sentiment among big-money traders, which is more bearish than bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100