Check Out What Whales Are Doing With BABA
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Alibaba Group Holding (NYSE:BABA), with 60% of detected trades showing bearish expectations. The targeted price range for Alibaba over the last 3 months is from $65.0 to $265.0. The current price of BABA is up 0.75% at $87.82. Benchmark has downgraded its action to Buy with a price target of $180.
October 11, 2023 | 8:16 pm
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NEGATIVE IMPACT
Bearish sentiment detected in Alibaba Group Holding trades. The targeted price range for Alibaba over the last 3 months is from $65.0 to $265.0. The current price of BABA is up 0.75% at $87.82.
The bearish sentiment detected in Alibaba Group Holding trades indicates that a significant number of investors expect the stock price to decrease. This, combined with the wide targeted price range, suggests uncertainty and potential volatility in the stock's price. The current price increase of 0.75% may be temporary, especially considering the downgrade by Benchmark.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100