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 70% of detected trades having bearish expectations. Whales have been targeting a price range of $50 to $90 for PDD Holdings over the last 3 months. The stock is currently down 5.6% at $67.42, and RSI indicators suggest it may be approaching overbought.
May 30, 2023 | 2:31 pm
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A whale investor has taken a bearish stance on PDD Holdings, with 70% of detected trades being bearish. The stock is currently down 5.6% at $67.42.
The article highlights that a whale investor has taken a bearish stance on PDD Holdings, with 70% of detected trades being bearish. This indicates that the investor believes the stock price will decline in the short term. Additionally, the stock is currently down 5.6% at $67.42, and RSI indicators suggest it may be approaching overbought, which could lead to a further decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100