Alibaba Gr Hldgs Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
The article discusses recent options trading activity for Alibaba Group Holdings (NYSE:BABA), revealing a bearish sentiment among financial giants. Analysis shows 55% of traders are bearish, with significant trades including both puts and calls. The price target for BABA ranges from $74 to $120. Analysts maintain a Buy rating with an average price target of $109.6.
June 03, 2024 | 2:01 pm
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Recent options trading for Alibaba Group Holdings (NYSE:BABA) indicates a bearish sentiment among traders, with 55% showing bearish tendencies. Significant trades include both puts and calls, with a price target range of $74 to $120. Analysts maintain a Buy rating with an average price target of $109.6.
The majority of options trades are bearish, indicating a negative short-term sentiment. However, analysts maintain a Buy rating, suggesting long-term confidence in the stock. The mixed signals could lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100