Smart Money Is Betting Big In BABA Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bullish stance on Alibaba (NYSE:BABA) with 53% of recent options trades being bullish. Analysts have set an average price target of $109.2, with current trading at $81.25. The stock is up 2.05% and may be approaching overbought territory.
August 29, 2024 | 4:31 pm
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Alibaba (NYSE:BABA) sees bullish sentiment from options traders, with 53% of trades being bullish. Analysts have set an average price target of $109.2, while the stock is currently trading at $81.25, up 2.05%.
The article highlights a significant bullish sentiment in Alibaba's options market, with 53% of trades being bullish. This, combined with positive analyst ratings and a current price increase, suggests a likely short-term positive impact on BABA's stock price.
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IMPORTANCE 80
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