Palantir Technologies Unusual Options Activity For August 01
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Palantir Technologies (NYSE:PLTR), with a bearish stance being taken by a 'whale' investor. Of the 58 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $744,163 and for calls was $2,224,566. Whales have been targeting a price range from $3.0 to $42.0 for Palantir over the last 3 months. The current price of PLTR is up 0.76% at $19.99. Wedbush has downgraded its action to Outperform with a price target of $25.
August 04, 2023 | 10:28 am
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Unusual options activity detected for Palantir Technologies. Majority of the trades are bearish. Current price is up 0.76% at $19.99. Wedbush downgraded its action to Outperform with a price target of $25.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially lead to increased volatility in the stock price. The downgrade by Wedbush, despite being to 'Outperform', could also have a negative impact on investor sentiment. However, the current price increase indicates some positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100