Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The targeted price range for PayPal over the last 3 months is from $60.0 to $145.0. Piper Sandler and Truist Securities have maintained their Neutral and Buy ratings on PayPal, respectively, with a price target of $80.
July 18, 2023 | 2:31 pm
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PayPal Holdings has seen unusual options activity, with a large bullish position. The sentiment among these traders is split, with 55% bullish and 44% bearish. Analysts have maintained their ratings, with a price target of $80.
The unusual options activity, particularly the large bullish position, indicates that some investors expect PayPal's stock to rise. This, combined with the maintained analyst ratings and price target, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100