Alibaba Gr Holding's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Alibaba Gr Holding (NYSE:BABA) shows a bearish sentiment among big money investors, with 77% of detected trades being bearish. The trading volume and open interest analysis suggest that these investors are targeting a price range of $60.0 to $135.0 for BABA. The stock is currently trading at $72.08, with an analyst from Mizuho maintaining a Buy rating and a target price of $95. The options market activity and the analyst's outlook could indicate potential price movements for Alibaba's stock.
March 28, 2024 | 2:01 pm
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NEUTRAL IMPACT
Bearish options trading activity observed, with a significant portion of trades expecting a price movement within $60-$135. Mizuho analyst maintains a Buy rating with a target price of $95.
The bearish sentiment in options trading could put short-term pressure on BABA's stock price. However, the analyst's Buy rating and higher target price suggest underlying strength and potential for recovery. The mixed signals from options activity and analyst outlook make the short-term impact neutral, but investors should watch for volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100