This Is What Whales Are Betting On Pioneer Natural Resources
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Pioneer Natural Resources (NYSE:PXD) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $200.0 to $300.0 for PXD over the last 3 months. Analysts' price targets range from $230 to $265. The stock is currently trading at $243.03, up 1.34%.
September 05, 2023 | 8:15 pm
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Pioneer Natural Resources has seen significant options activity, indicating a bullish stance by a large investor or institution. The stock is currently trading at $243.03, up 1.34%.
The unusual options activity, with a significant amount of money being put into bullish positions, indicates that a large investor or institution is expecting the stock price to rise. This could lead to increased buying pressure on the stock, driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100