Smart Money Is Betting Big In BABA Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Alibaba Group Holdings (NYSE:BABA) through options trading. Analysis reveals 33 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $73.11, up by 1.3%, with an average target price of $115.0 from analysts.
July 02, 2024 | 3:32 pm
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Financial giants have made significant bearish moves on Alibaba Group Holdings (NYSE:BABA) through options trading. Analysis reveals 33 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $73.11, up by 1.3%, with an average target price of $115.0 from analysts.
The mixed sentiment in options trading, with a slight bearish tilt, suggests uncertainty in the short term. However, the stock's current upward movement and positive analyst ratings provide a neutral outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100