Looking At Alibaba Gr Holding's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $110.0 for Alibaba over the last 3 months. The price of BABA is currently down -1.1% at $79.06. Benchmark has downgraded its action to Buy with a price target of $180.
October 23, 2023 | 2:01 pm
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Alibaba Group Holding (NYSE:BABA) has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently down -1.1% at $79.06.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a negative sentiment towards Alibaba. This, combined with the current decrease in stock price, suggests a potential short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100