Looking At Airbnb's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. Whales have been targeting a price range from $105.0 to $130.0 for Airbnb over the last 3 months. The current price of ABNB is up 2.95% at $118.9. Analysts from Needham, Morgan Stanley, Piper Sandler, Wedbush, and Mizuho have maintained their ratings on Airbnb, with price targets ranging from $105 to $150.
November 03, 2023 | 1:46 pm
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Unusual options activity indicates a significant bearish stance on Airbnb. The sentiment among big-money traders is split, with a slight lean towards bearish. The current price of ABNB is up 2.95% at $118.9.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting Airbnb's stock price to decrease. This could potentially lead to a short-term decrease in the stock price. However, the sentiment among these traders is split, indicating uncertainty. The current price of ABNB is up, which may be a temporary increase before a potential drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100