Expedia Group's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among big money traders on Expedia Group (NASDAQ:EXPE), with 88% showing bearish tendencies in options trading. A significant focus is on a price band between $135.0 and $142.0. The largest options trades indicate a bearish outlook despite a mix of call options, with the majority being bearish sweeps. Expedia's current market performance shows a 2.53% increase in stock price to $134.91, with an earnings announcement expected in 9 days. An analyst from Wedbush has downgraded the stock to Neutral with a target price of $130.
April 23, 2024 | 3:45 pm
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Expedia Group shows a bearish sentiment in options trading, with a current stock price increase and an upcoming earnings announcement. Wedbush downgraded the stock to Neutral with a $130 target price.
The bearish sentiment in options trading, combined with the recent downgrade by Wedbush, suggests a potential short-term negative impact on EXPE's stock price. The focus on a price band between $135.0 and $142.0 by options traders, despite the stock's current performance and upcoming earnings announcement, further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100