Decoding Airbnb's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Airbnb (NASDAQ:ABNB) has seen significant bearish options activity, with 58% of trades being bearish. This suggests potential downward pressure on the stock. The trading volume and open interest indicate a focus on a price range between $85 and $180. Analysts have mixed ratings, with a consensus target price of $135.2.
September 04, 2024 | 8:15 pm
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NEGATIVE IMPACT
Airbnb has experienced significant bearish options activity, with 58% of trades being bearish. This could indicate potential downward pressure on the stock. Analysts have mixed ratings, with a consensus target price of $135.2.
The significant bearish options activity suggests that investors are expecting a potential decline in Airbnb's stock price. The mixed analyst ratings and the consensus target price of $135.2 provide additional context but do not negate the bearish sentiment from the options market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100