Check Out What Whales Are Doing With BABA
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Alibaba Group Holding (NYSE:BABA), with a notable shift in options trading activity. Benzinga's tracking revealed 20 extraordinary options activities, with a bearish majority of 60%. The options trading suggests a targeted price range of $65.0 to $80.0 for BABA over the last 3 months. Today's trading showed an average open interest of 10261.2 for Alibaba's options, with a total volume of 5,457.00. Alibaba, the world's largest online and mobile commerce company, saw its stock price slightly up by 0.01% at $73.43.
March 18, 2024 | 2:16 pm
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Alibaba Group Holding has seen a bearish sentiment from deep-pocketed investors, with a significant shift in options trading activity suggesting a targeted price range of $65.0 to $80.0. The stock is currently trading slightly up at $73.43.
The bearish sentiment among deep-pocketed investors, as evidenced by the options trading activity, suggests a potential downward pressure on Alibaba's stock price in the short term. The targeted price range of $65.0 to $80.0 indicates a specific expectation for price movement. However, the current neutral RSI and slight uptick in stock price add complexity to the short-term outlook, warranting a cautious approach.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100