Booking Holdings Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $2200.0 to $4000.0 for Booking Holdings over the last 3 months. DA Davidson maintains a Neutral rating on Booking Holdings with a price target of $3400, while Argus Research downgraded its action to Buy with a price target of $3677.
October 16, 2023 | 3:15 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Booking Holdings, indicating potential downward pressure on the stock. The sentiment among these big-money traders is 70% bearish.
The unusual options activity indicates that a large investor is betting on the stock price to go down. This bearish sentiment among big-money traders could put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100