Check Out What Whales Are Doing With BABA
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Alibaba Group Holding (NYSE:BABA), with 56% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $75.0 to $270.0 for Alibaba over the last 3 months. The price of BABA is down -0.75% at $85.54. Susquehanna has downgraded its action to Positive with a price target of $160.
September 28, 2023 | 8:34 pm
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A whale investor has taken a bearish stance on Alibaba, with majority of investors opening bearish trades. Susquehanna has downgraded its action to Positive with a price target of $160.
The bearish stance taken by a whale investor and majority of other investors, along with the downgrade by Susquehanna, indicates a negative short term impact on Alibaba's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100