Looking At Baidu's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Baidu (NASDAQ:BIDU), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 63% were bullish and 36% were bearish. The total amount for puts was $1,122,138 and for calls was $111,284. Whales have been targeting a price range from $125.0 to $200.0 for Baidu over the last 3 months. Baidu's stock price is currently up 2.71% at $136.04. Bernstein maintains an Outperform rating on Baidu with a price target of $168, while Benchmark and Susquehanna have downgraded their actions to Buy and Positive with price targets of $210 and $175 respectively.
September 29, 2023 | 6:18 pm
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Baidu has seen unusual options activity, with a majority of investors bullish. The stock price is up 2.71% at $136.04. Analysts have mixed ratings, with Bernstein maintaining an Outperform rating and a price target of $168, while Benchmark and Susquehanna have downgraded their actions.
The unusual options activity, majority of which is bullish, indicates investor confidence in Baidu's performance. This, coupled with the stock's current upward trend, suggests a positive short-term impact. However, mixed analyst ratings could introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100