This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split, with 44% bullish and 55% bearish. The whales have been targeting a price range from $40.0 to $115.0 for PDD Holdings over the last 3 months. Currently, PDD's price is down by 4.27% at $75.72.
July 18, 2023 | 5:15 pm
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A large investor has taken a bearish stance on PDD Holdings, indicated by unusual options trades. The sentiment among these traders is more bearish than bullish.
The bearish stance taken by a large investor, as indicated by the unusual options trades, suggests that there may be a belief that PDD's stock price will decrease in the short term. This could potentially influence other investors and drive the stock price down.
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IMPORTANCE 80
RELEVANCE 100