Alibaba Gr Holding Unusual Options Activity For November 03
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bearish stance. The trades range from $60.0 to $180.0, with more puts than calls. The current price of BABA is $85.54, up 2.55%. Analysts from UBS, Truist Securities, Barclays, and Benchmark have given price targets ranging from $127 to $180.
November 03, 2023 | 6:00 pm
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Alibaba has seen unusual options activity, with a bearish sentiment among investors. Analysts have given price targets ranging from $127 to $180.
The bearish sentiment in the options market, coupled with the wide range of analyst price targets, suggests uncertainty and potential downside risk for Alibaba's stock in the short term.
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