PDD Holdings Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) by a large investor, as noticed by Benzinga's options scanner. The scanner spotted 31 uncommon options trades for PDD Holdings, with a split sentiment of 45% bullish and 54% bearish. The whales have been targeting a price range from $45.0 to $100.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 4.67% at $79.52.
July 24, 2023 | 4:31 pm
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A large investor has taken a bearish stance on PDD Holdings, which could potentially impact the stock's price.
The bearish stance taken by a large investor, as indicated by the uncommon options trades, suggests that there may be a belief that the stock's price will decrease. This could potentially lead to a self-fulfilling prophecy, where other investors sell off their shares, leading to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100