Alibaba Gr Holding Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Alibaba Gr Holding (NYSE:BABA) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. The activity includes 50 uncommon trades, with 22 puts and 28 calls, indicating a price window from $60.0 to $220.0. The largest trades observed show a mix of sentiments with varying expiration dates and strike prices. Alibaba, a major online and mobile commerce company, has a current stock price of $72.6, down by -1.05%, with an RSI indicating it may be approaching overbought. An earnings announcement is expected in 44 days, and an analyst from Mizuho maintains a Buy rating with a target price of $95.
April 02, 2024 | 4:01 pm
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Alibaba has experienced unusual options activity, indicating mixed sentiments among investors. The stock is currently down by -1.05%, with an RSI that may suggest it's approaching overbought. An analyst maintains a Buy rating with a $95 target price.
The unusual options activity with a nearly even split between bullish and bearish sentiments suggests uncertainty about Alibaba's short-term price direction. However, the analyst's Buy rating and target price of $95 provide a positive outlook. The current dip in stock price and the approaching earnings announcement could lead to increased volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100