Looking At Pioneer Natural Resources's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has shown bullish stance on Pioneer Natural Resources (NYSE:PXD) with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale trades have targeted a price range from $160.0 to $215.0 for Pioneer Natural Resources over the last 3 months. The current price of PXD is down -0.2% at $210.71. RSI indicators suggest the stock may be approaching overbought. Next earnings are expected in 13 days.
July 19, 2023 | 7:16 pm
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Pioneer Natural Resources has seen significant options activity, with a whale investor showing a bullish stance. The stock may be approaching overbought territory. Earnings are expected in 13 days.
The bullish stance of a whale investor, combined with the fact that the stock may be overbought, suggests potential upward price movement in the short term. However, the upcoming earnings release could introduce volatility.
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