Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 77% of recent unusual options trades being bearish. Whales have been targeting a price range from $30.0 to $82.5 for PayPal over the last 3 months. The price of PYPL is currently up 0.07% at $63.62. JP Morgan and Barclays have maintained their Overweight rating on PayPal, with price targets of $100 and $88 respectively.
September 05, 2023 | 3:46 pm
News sentiment analysis
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NEGATIVE IMPACT
Bearish sentiment dominates recent unusual options activity for PayPal Holdings. Whales target price range of $30.0 to $82.5. JP Morgan and Barclays maintain Overweight rating.
The bearish sentiment from a significant number of investors, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. However, the Overweight ratings from JP Morgan and Barclays suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100