Alibaba Gr Hldgs Unusual Options Activity For August 01
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown unusual bullish options activity on Alibaba Group Holdings (NYSE:BABA), with 62% of trades being bullish. The options activity suggests a targeted price range of $77.5 to $82.5. The stock is currently priced at $79.08, up 0.3%, with RSI indicators hinting at an overbought condition. An analyst from Jefferies maintains a Buy rating with a target price of $116.
August 01, 2024 | 2:02 pm
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High-rolling investors have shown unusual bullish options activity on Alibaba Group Holdings (NYSE:BABA), with 62% of trades being bullish. The options activity suggests a targeted price range of $77.5 to $82.5. The stock is currently priced at $79.08, up 0.3%, with RSI indicators hinting at an overbought condition. An analyst from Jefferies maintains a Buy rating with a target price of $116.
The unusual bullish options activity indicates strong investor interest and potential upward movement in the short term. The current price is within the targeted range of $77.5 to $82.5, and the analyst's Buy rating with a target price of $116 further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100