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 bearish stance taken by a large investor. The options scanner at Benzinga spotted 31 uncommon trades for PDD, with sentiment split between 38% bullish and 61% bearish. Whales have been targeting a price range from $50.0 to $120.0 for PDD over the last 3 months. The price of PDD is currently down -0.86% at $98.03. Several financial institutions have maintained their positive ratings on PDD, with price targets ranging from $115 to $140.
September 13, 2023 | 4:45 pm
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PDD Holdings has seen unusual options activity, with a large investor taking a bearish stance. The current price is down -0.86% at $98.03. Several financial institutions have maintained their positive ratings on PDD.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially drive the stock price down in the short term. However, the positive ratings maintained by several financial institutions may counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100