This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on PDD Holdings (NASDAQ:PDD), with 71% of detected trades having bearish expectations. Whales have been targeting a price range of $50 to $110 for PDD Holdings over the last 3 months. Goldman Sachs downgraded its action to Neutral with a price target of $93, while Citigroup maintained their Buy rating with a price target of $100.
May 24, 2023 | 3:22 pm
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Whale investor takes a bearish stance on PDD Holdings, with 71% of detected trades being bearish. Analysts have mixed opinions, with Goldman Sachs downgrading to Neutral and Citigroup maintaining a Buy rating.
The bearish stance taken by the whale investor, who has a significant amount of money to spend, indicates a potential negative impact on PDD Holdings' stock price in the short term. Additionally, the mixed opinions from analysts, with Goldman Sachs downgrading its action to Neutral and Citigroup maintaining a Buy rating, further contribute to the uncertainty surrounding the stock's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100