Smart Money Is Betting Big In BABA Options
Portfolio Pulse from Benzinga Insights
Whales are taking a bearish stance on Alibaba Group Holdings (NYSE:BABA) with significant options activity. 52% of the trades are bearish, focusing on a price range between $55.0 and $145.0. The stock is currently trading at $80.37, down by 1.1%. Analysts have mixed ratings with an average price target of $106.0.
May 28, 2024 | 3:31 pm
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Whales are showing a bearish sentiment on Alibaba Group Holdings with 52% of options trades being bearish. The stock is currently trading at $80.37, down by 1.1%. Analysts have mixed ratings with an average price target of $106.0.
The significant bearish options activity suggests that major market players expect the stock to decline in the short term. The current price drop of 1.1% and mixed analyst ratings further support this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100