Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $55.0 to $145.0. The current price of PYPL is up 2.71% at $73.98. Analysts from Piper Sandler and BTIG maintain a Neutral and Buy rating respectively, while Credit Suisse has downgraded its action to Neutral.
July 28, 2023 | 5:01 pm
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PayPal Holdings has seen unusual options activity, with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $55.0 to $145.0. The current price of PYPL is up 2.71% at $73.98.
The bearish stance taken by a majority of investors in the options market could potentially drive the price of PYPL down in the short term. This is further supported by the fact that the current price of PYPL is nearing the upper end of the targeted price range. Additionally, the downgrade by Credit Suisse could also negatively impact the stock price.
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