Looking At PDD Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) as evidenced by unusual options activity. The overall sentiment of big-money traders is split between 35% bullish and 64% bearish. Whales have been targeting a price range from $67.0 to $110.0 for PDD Holdings over the last 3 months. The price of PDD is up 4.48% at $72.24, with RSI indicators suggesting the stock may be approaching overbought.
July 03, 2023 | 2:06 pm
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Unusual options activity has been observed for PDD Holdings, with a significant bearish stance. The stock price is up 4.48% at $72.24, and RSI indicators suggest it may be approaching overbought.
The unusual options activity, with a significant bearish stance, indicates that big-money traders expect the stock price to decrease. The current increase in stock price and the RSI indicators suggesting overbought conditions further support this expectation.
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IMPORTANCE 80
RELEVANCE 100