A Closer Look at Alibaba Gr Hldgs's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
The options market for Alibaba Gr Hldgs (NYSE:BABA) shows mixed sentiment with significant trades in both puts and calls. Analysts have set price targets ranging from $88 to $118, with a current stock price of $83.53. The stock is approaching overbought territory, and earnings are expected in 84 days.
August 22, 2024 | 2:18 pm
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Alibaba Gr Hldgs (NYSE:BABA) is experiencing mixed sentiment in the options market with significant trades in both puts and calls. Analysts have set price targets ranging from $88 to $118, with the current stock price at $83.53. The stock is approaching overbought territory, and earnings are expected in 84 days.
The options market shows a balanced sentiment with equal bullish and bearish trades, indicating uncertainty in short-term price direction. Analysts' price targets suggest potential upside, but the current RSI suggests the stock may be overbought. The upcoming earnings release could be a catalyst for price movement.
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