Spotlight on Booking Holdings: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Booking Holdings (NASDAQ:BKNG) has seen a surge in options activity, with a mix of bullish and bearish sentiment among big-money traders. The options trades suggest a targeted price range of $3700 to $4500. Despite recent analyst downgrades, the stock price has risen by 0.72% to $4126.78.
September 24, 2024 | 3:00 pm
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Booking Holdings has experienced a significant increase in options activity, indicating potential price movements. The sentiment is mixed, with a majority of trades being bullish. Analysts have recently downgraded the stock, but the price has still increased slightly.
The surge in options activity, particularly the higher number of call options, suggests bullish sentiment among traders. This is supported by the stock's recent price increase. However, recent analyst downgrades could temper expectations, leading to a mixed outlook.
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