Check Out What Whales Are Doing With Li Auto
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Li Auto (NASDAQ:LI), with options trading indicating a mixed sentiment among big-money traders. Benzinga's options scanner revealed 16 unusual options trades, with a split sentiment of 37% bullish and 50% bearish. The trades suggest a price target window of $24.0 to $34.0 for Li Auto. The company, a leading Chinese NEV manufacturer, reported selling over 376,000 NEVs in 2023, capturing about 4% of China's passenger NEV market. Li Auto's stock is currently up by 3.93%, with a trading volume of 10,096,597 and an RSI indicating a neutral position. Analyst ratings in the last month have set an average target price of $32.5 for Li Auto.
May 06, 2024 | 6:45 pm
News sentiment analysis
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NEUTRAL IMPACT
Li Auto has seen significant options trading activity, indicating a bearish stance by whales but with a mixed overall sentiment. The company's strong sales figures and analyst ratings suggest potential growth.
The mixed sentiment in options trading, combined with Li Auto's solid sales performance and recent stock price increase, suggests a cautious but potentially optimistic outlook for the stock. Analyst ratings provide a positive but varied perspective on the stock's future, indicating uncertainty about its short-term movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100