Alphabet Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Alphabet (NASDAQ:GOOGL) by a large investor, as observed from unusual options activity. The sentiment among these big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $45.0 to $185.0 for Alphabet over the last 3 months. Currently, Alphabet's stock price is down by 0.16% at $135.02. Analysts from Piper Sandler, Needham, and B of A Securities have maintained their ratings on Alphabet with price targets of $147, $140, and $146 respectively.
October 05, 2023 | 8:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Alphabet, with unusual options activity indicating a price target range of $45.0 to $185.0. The stock price is currently down by 0.16% at $135.02.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be a potential downside for Alphabet's stock in the short term. This, coupled with the current downward trend in the stock price, indicates a negative impact on the stock. However, the analyst ratings and price targets suggest a potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100