This Is What Whales Are Betting On Booking Holdings
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Booking Holdings (NASDAQ:BKNG) with 41 unusual options trades. 48% of these trades were bearish, with significant activity in puts and calls. The stock is currently trading at $3480.42, up by 2.87%, with an average analyst price target of $4286.0.
August 06, 2024 | 4:31 pm
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Booking Holdings (NASDAQ:BKNG) has seen significant bearish options activity, with 48% of trades showing bearish sentiment. The stock is currently trading at $3480.42, up by 2.87%. Analysts have an average price target of $4286.0.
The significant bearish sentiment in options trading suggests that large investors expect a potential decline in BKNG's stock price. Despite the current price increase, the bearish options activity could indicate a short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100