This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on PDD Holdings (NASDAQ:PDD), with 50% of detected trades being bullish and 50% bearish. Whales have targeted a price range of $50 to $105 for PDD Holdings over the last 3 months. Goldman Sachs downgraded PDD to Neutral with a price target of $93, while Citigroup maintained a Buy rating with a price target of $100.
May 19, 2023 | 2:30 pm
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NEUTRAL IMPACT
Whale investor takes bullish stance on PDD Holdings, with mixed trades detected. Price targets range from $50 to $105. Goldman Sachs downgrades to Neutral, Citigroup maintains Buy rating.
The news of a whale investor taking a bullish stance on PDD Holdings, along with mixed trades detected, indicates uncertainty in the short term. The price targets from Goldman Sachs and Citigroup provide a range of expectations, but the overall sentiment is neutral. This leads to a score of 0, with high relevance and importance due to the direct impact on PDD's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100