PayPal Holdings Unusual Options Activity For July 06
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a bearish stance being taken by a 'whale' investor. Of the 45 unusual trades detected, 48% were bullish and 51% were bearish. The total amount for puts was $648,897 and for calls was $1,560,484. The price target range for PayPal over the last 3 months has been $55.0 to $140.0. The company's stock price is currently down by 3.89% at $66.17. Several firms have downgraded their ratings for PayPal, with price targets ranging from $72 to $86.
July 06, 2023 | 6:16 pm
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PayPal Holdings has seen unusual options activity, with a bearish stance taken by a 'whale' investor. The stock price is currently down by 3.89% at $66.17. Several firms have downgraded their ratings for PayPal.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, indicates a potential downward pressure on PayPal's stock price. This is further supported by the current decrease in the stock price and the downgrades by several firms.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100