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.
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IMPORTANCE 80
RELEVANCE 100