This Is What Whales Are Betting On Airbnb
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 63% of the investors opening trades with bearish expectations. The majority of the trades are puts, with a total amount of $1,792,964. Whales have been targeting a price range from $45.0 to $145.0 for Airbnb over the last 3 months. The price of ABNB is up 0.15% at $117.13, and RSI indicators suggest that the stock may be approaching oversold. Airbnb's next earnings are expected to be released in 1 day.
October 31, 2023 | 4:45 pm
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A significant investor has taken a bearish stance on Airbnb. The majority of the trades are puts, with a total amount of $1,792,964. The price of ABNB is up 0.15% at $117.13, and RSI indicators suggest that the stock may be approaching oversold.
The bearish stance taken by a significant investor, along with the majority of trades being puts, indicates a negative sentiment towards Airbnb. This could potentially lead to a decrease in the stock price. The RSI indicators suggesting that the stock may be approaching oversold further supports this.
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IMPORTANCE 80
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