This Is What Whales Are Betting On Baidu
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Baidu (NASDAQ:BIDU) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $115.0 to $150.0 for Baidu over the last 3 months. The current price of BIDU is down -1.18% at $127.65. Bernstein maintains an Outperform rating on Baidu with a price target of $168.
October 04, 2023 | 2:47 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Baidu. The current price is down, but Bernstein maintains an Outperform rating with a price target of $168.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. However, the Outperform rating maintained by Bernstein suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100