Pioneer Natural Resources Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Pioneer Natural Resources (NYSE:PXD) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $200.0 to $250.0 for Pioneer Natural Resources over the last 3 months. The price of PXD is up 0.96% at $220.13, and RSI indicators hint that the stock may be overbought. The next earnings are expected to be released in 7 days.
July 25, 2023 | 7:31 pm
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A large investor has taken a bearish stance on Pioneer Natural Resources, with a target price range of $200-$250. The stock is currently up 0.96% at $220.13, and may be overbought according to RSI indicators.
The unusual options activity and the bearish sentiment from a large investor indicate a potential downward movement for PXD. The stock is currently up and may be overbought, which could lead to a correction. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100