Looking At PDD Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $40.0 and $120.0. The current price of PDD is $92.0, up by 2.43%, with RSI indicators suggesting the stock may be overbought. The next earnings are expected in 27 days.
August 04, 2023 | 9:27 am
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PDD Holdings has seen unusual options activity, with a majority of investors taking a bearish stance. The stock is currently priced at $92.0, up by 2.43%, and may be overbought according to RSI indicators.
The unusual options activity, with a majority of investors taking a bearish stance, suggests a potential downward pressure on the stock price. The current price increase and the RSI indicators suggesting overbought conditions further support this view.
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