A Closer Look at Alibaba Gr Hldgs's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Alibaba Gr Hldgs (NYSE:BABA) as indicated by recent options market activity. Benzinga's options scanner identified 11 uncommon trades, with a split sentiment of 45% bullish and 54% bearish. The stock is currently trading at $73.92, down by 2.32%. Analysts maintain a positive outlook with an average target price of $108.33.
June 14, 2024 | 2:16 pm
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Recent options market activity shows a bearish sentiment towards Alibaba Gr Hldgs (NYSE:BABA), with 54% of trades being bearish. The stock is currently down by 2.32% at $73.92. Analysts, however, maintain a positive outlook with an average target price of $108.33.
The bearish sentiment in the options market, with 54% of trades being bearish, suggests that investors expect the stock to decline in the short term. The current price drop of 2.32% supports this view. However, analysts maintain a positive long-term outlook with an average target price of $108.33.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100