Looking At Palantir Technologies's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. Whales have been targeting a price range from $10.0 to $18.0 for Palantir Technologies over the last 3 months. Morgan Stanley, Wedbush, and HSBC have downgraded their actions on PLTR with price targets of $9, $25, and $16 respectively.
September 18, 2023 | 6:01 pm
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Unusual options activity indicates a bearish sentiment towards Palantir Technologies. Analysts from Morgan Stanley, Wedbush, and HSBC have downgraded their actions on the stock.
The unusual options activity, with a majority bearish sentiment, indicates that traders expect the price of PLTR to decrease. This is further supported by the downgrades from Morgan Stanley, Wedbush, and HSBC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100