Smart Money Is Betting Big In BIDU Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital are taking a bullish stance on Baidu (NASDAQ:BIDU), as evidenced by recent options trades tracked by Benzinga. The sentiment is predominantly bullish, with 81% of the trades being calls. The price range being targeted is between $80.0 and $150.0. Baidu's stock is currently up 1.77% at $88.41, and analysts have set a price target of $130.0.
July 03, 2024 | 1:47 pm
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Significant bullish options activity has been detected for Baidu (NASDAQ:BIDU), with 81% of trades being calls. The stock is currently up 1.77% at $88.41, and analysts have set a price target of $130.0.
The detection of significant bullish options activity suggests that investors are expecting positive movement in Baidu's stock price. The current price increase and the analyst's price target of $130.0 further support this bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100