Baidu Unusual Options Activity For May 15
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Baidu (NASDAQ:BIDU) as indicated by unusual options activity. Benzinga's options scanner spotted 9 uncommon options trades, with a split sentiment of 33% bullish and 44% bearish. The trades suggest a price window of $105.0 to $120.0 for Baidu. The stock is currently down 0.7% at $108.65, with RSI indicators hinting at an overbought condition. Analysts maintain a Buy rating with target prices ranging from $130 to $180.
May 15, 2024 | 2:18 pm
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Unusual options activity for Baidu indicates a bearish sentiment among big-money traders, with a price window of $105.0 to $120.0. The stock is currently down 0.7% at $108.65, and RSI indicators suggest it may be overbought. Analysts maintain Buy ratings with target prices ranging from $130 to $180.
The unusual options activity, with a higher percentage of bearish trades, suggests that big-money traders expect a potential decline in Baidu's stock price. The current stock price is down 0.7%, and RSI indicators hint at an overbought condition, which could lead to a short-term price drop. However, analysts maintain Buy ratings, indicating long-term confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100