This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on PDD Holdings (NASDAQ:PDD), with 22 uncommon options trades spotted, split between 50% bullish and 50% bearish. Whales have been targeting a price range of $55 to $95 for PDD Holdings over the last 3 months.
June 02, 2023 | 3:02 pm
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A large investor has taken a bullish stance on PDD Holdings, with 22 uncommon options trades spotted. Whales have been targeting a price range of $55 to $95 for PDD Holdings over the last 3 months.
The large investor's bullish stance on PDD Holdings indicates that they believe the stock price will increase in the short term. The 22 uncommon options trades and the targeted price range of $55 to $95 suggest that there is significant interest in the stock, which could lead to increased demand and a higher stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100