Palantir Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $12.0 to $20.0 for Palantir Technologies over the last 3 months. Morgan Stanley has downgraded its action to Underweight with a price target of $9.
September 14, 2023 | 5:17 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Palantir Technologies, with unusual options activity observed. The sentiment among big-money traders is split, with 54% being bearish. Morgan Stanley has downgraded its action to Underweight with a price target of $9.
The bearish stance taken by a large investor, as well as the downgrade by Morgan Stanley, indicates a negative outlook for Palantir Technologies. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100