Baidu Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed, with 60% of big-money traders showing bearish sentiment. The mean open interest for Baidu options trades today is 744.78 with a total volume of 2,318.00. The price of BIDU is down -0.87% at $127.01. Bernstein maintains their Outperform rating on Baidu, with a price target of $168.
October 13, 2023 | 5:46 pm
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NEGATIVE IMPACT
Baidu has seen significant bearish sentiment with 60% of big-money traders. The stock price is down -0.87% at $127.01. Bernstein maintains their Outperform rating with a price target of $168.
The bearish sentiment from big-money traders, coupled with the current decrease in Baidu's stock price, could potentially lead to a short-term downward trend. However, Bernstein's maintained Outperform rating and higher price target suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100