Check Out What Whales Are Doing With ABNB
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 13 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $85.0 to $165.0 for Airbnb over the last 3 months. Truist Securities has maintained their Hold rating on Airbnb, with a price target of $126.
October 02, 2023 | 7:30 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Airbnb, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor, as indicated by the uncommon options trades, suggests that there may be downward pressure on Airbnb's stock in the short term. This is further supported by the fact that the sentiment among big-money traders is more bearish than bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100