Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $52.5 to $140.0 for PayPal Holdings over the last 3 months. RBC Capital, BTIG, Atlantic Equities, and Stephens & Co. have all downgraded their ratings on PayPal, with price targets ranging from $72 to $86.
June 27, 2023 | 6:18 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PayPal Holdings has seen unusual options activity, indicating a bearish stance by big-money traders. Several firms have downgraded their ratings on the company, with price targets ranging from $72 to $86.
The unusual options activity, with a 60% bearish sentiment, indicates that big-money traders are expecting PayPal's stock price to decrease. This is further supported by the downgrades from several firms, which suggest a lack of confidence in the company's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100