Check Out What Whales Are Doing With PLTR
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $1.0 to $30.0 for Palantir Technologies over the last 3 months. The price of PLTR is currently down -3.82% at $15.1. Raymond James has downgraded its action to Outperform with a price target of $18, while B of A Securities maintains their Buy rating with a price target of $18.
July 06, 2023 | 6:31 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Palantir Technologies. The stock price is currently down -3.82% at $15.1. Analysts have mixed opinions with a downgrade to Outperform and a maintained Buy rating, both with a price target of $18.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The mixed analyst ratings also add uncertainty to the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100