PayPal Holdings Unusual Options Activity For June 30
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) with 90% of recent trades being bearish. Whales have been targeting a price range from $55.0 to $75.0 for PayPal over the last 3 months. The price of PYPL is up 0.39% at $66.12. RBC Capital, BTIG, Wedbush, and Atlantic Equities have all downgraded their actions on PayPal, with price targets ranging from $72 to $86.
June 30, 2023 | 4:16 pm
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PayPal Holdings has seen a significant bearish stance with 90% of recent trades being bearish. The company's stock price is up 0.39% at $66.12. Several firms have downgraded their actions on PayPal, with price targets ranging from $72 to $86.
The bearish stance taken by a majority of traders indicates a potential decrease in PayPal's stock price. Additionally, the downgrades by several firms could negatively impact investor sentiment, further driving down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100