PayPal Holdings 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 majority of investors taking a bearish stance. Whales have been targeting a price range from $55.0 to $145.0 for PayPal over the last 3 months. The price of PYPL is currently down -2.08% at $57.38. RBC Capital, BTIG, Oppenheimer, Piper Sandler, and Canaccord Genuity have all provided their ratings and price targets for PayPal.
August 18, 2023 | 1:46 pm
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NEGATIVE IMPACT
PayPal Holdings has seen unusual options activity, with majority investors bearish. The stock price is currently down -2.08%.
The unusual options activity, majority of which is bearish, combined with the current downward trend in stock price, suggests a negative short term impact on PayPal's stock. Additionally, the price targets provided by various experts also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100