Baidu Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $105.0 to $140.0 for Baidu over the last 3 months. Currently, BIDU's price is down -1.99% at $104.06. Benchmark has downgraded its action to Buy with a price target of $210, while JP Morgan maintains their Overweight rating with a price target of $185.
October 31, 2023 | 7:02 pm
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NEGATIVE IMPACT
Baidu has seen unusual options activity with a bearish sentiment. The stock price is currently down, and analysts have mixed opinions.
The unusual options activity indicates that some investors are expecting Baidu's stock price to decrease. This, combined with the current decrease in stock price and mixed analyst ratings, suggests a potential negative short-term impact on Baidu's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100