This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on PDD Holdings (NASDAQ:PDD), with 84% of recent trades being bearish. The whales have been targeting a price range from $75.0 to $100.0 for PDD Holdings over the last 3 months. The current price of PDD is $95.94, down 0.69%. Several financial institutions have maintained their positive ratings on PDD Holdings, with price targets ranging from $112 to $140.
September 08, 2023 | 2:01 pm
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PDD Holdings has seen a bearish stance from a significant investor, with a targeted price range of $75-$100. Despite the current price drop, several financial institutions maintain positive ratings.
The bearish stance from a significant investor, coupled with the current price drop, indicates potential short-term downward pressure on PDD's stock price. However, the maintained positive ratings from several financial institutions may provide some counterbalance.
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IMPORTANCE 80
RELEVANCE 100