Check Out What Whales Are Doing With PLTR
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split, with 43% bullish and 56% bearish. The price range targeted by these investors over the last three months is $13.0 to $35.0. The current price of PLTR is up 6.39% at $15.57. Analysts' ratings vary, with Raymond James and Wedbush maintaining an Outperform rating, while Citigroup and Wolfe Research maintain a Sell and Underperform rating respectively.
August 29, 2023 | 4:01 pm
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Unusual options activity indicates a significant bearish stance on Palantir Technologies. The price range targeted by these investors over the last three months is $13.0 to $35.0. The current price of PLTR is up 6.39% at $15.57. Analysts' ratings vary.
The unusual options activity, with a significant bearish stance, indicates that large investors or institutions may be expecting a downturn in PLTR's stock price. This, combined with the mixed analyst ratings, could potentially impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100