Decoding Booking Holdings's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Booking Holdings (NASDAQ:BKNG) through options trading. Analysis reveals 50% bearish and 32% bullish trades, with significant activity in puts and calls. The stock is currently trading at $3788.35, down by -0.01%, with an average analyst price target of $4342.0.
June 11, 2024 | 6:17 pm
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NEGATIVE IMPACT
Booking Holdings (NASDAQ:BKNG) has seen significant bearish options activity, with 50% of trades being bearish and 32% bullish. The stock is currently trading at $3788.35, down by -0.01%. Analysts have set an average price target of $4342.0.
The significant bearish sentiment in options trading, with 50% of trades being bearish, suggests a negative short-term outlook for Booking Holdings. The current stock price is slightly down, and while the average analyst price target is higher, the immediate sentiment from options traders is likely to put downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100