This Is What Whales Are Betting On JD.com
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on JD.com (NASDAQ:JD), with 11 uncommon options trades spotted, split between 45% bullish and 54% bearish. The overall sentiment of these big-money traders is bearish, with 6 puts and 5 calls. The whales have been targeting a price range from $20.0 to $60.0 for JD.com over the last 3 months. The price of JD is down -0.35% at $25.33. JP Morgan, Goldman Sachs, Benchmark, and Barclays maintain their ratings on JD.com, while Bernstein downgraded its action to Market Perform.
November 01, 2023 | 8:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on JD.com, with 11 uncommon options trades spotted. The price of JD is down -0.35% at $25.33. Several analysts maintain their ratings on JD.com, while Bernstein downgraded its action.
The bearish stance taken by a large investor, indicated by the uncommon options trades, combined with the current downward trend in JD.com's stock price, suggests a potential negative short-term impact on the stock. Additionally, the downgrade by Bernstein could further negatively affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100