Looking At PDD Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 25 uncommon trades, with 56% bullish and 44% bearish sentiment. The whales have been targeting a price range from $75.0 to $120.0 for PDD Holdings over the last 3 months. The current price of PDD is up 2.5% at $100.59. Several financial institutions have maintained their positive ratings on PDD Holdings, with price targets ranging from $115 to $140.
August 31, 2023 | 2:01 pm
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Unusual options activity indicates a bullish stance on PDD Holdings. The current price is up 2.5% at $100.59, with whales targeting a price range of $75-$120. Positive ratings have been maintained by several financial institutions.
The unusual options activity, with a majority being bullish, indicates a positive sentiment towards PDD Holdings. This, combined with the positive ratings from several financial institutions, suggests a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100