Behind the Scenes of Alibaba Gr Hldgs's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors with significant capital have shown a bullish stance on Alibaba Group Holdings (NYSE:BABA), as observed through unusual options trades. Benzinga's options scanner detected 10 uncommon trades, with a split sentiment of 50% bullish and 50% bearish. The major market movers are focusing on a price range between $55.0 and $120.0. The current trading volume is 1,926,809, with BABA's price up by 0.69% at $72.5. An analyst from Loop Capital maintains a Buy rating with a target price of $115.
July 01, 2024 | 2:16 pm
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Investors with significant capital have shown a bullish stance on Alibaba Group Holdings (NYSE:BABA), as observed through unusual options trades. The sentiment is split 50% bullish and 50% bearish, with a focus on a price range between $55.0 and $120.0. An analyst from Loop Capital maintains a Buy rating with a target price of $115.
The detection of unusual options trades by big-money investors indicates a significant interest in Alibaba's stock. The split sentiment suggests mixed expectations, but the overall bullish stance and the maintained Buy rating with a high target price point to a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100