Check Out What Whales Are Doing With PLTR
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor or institution, as evidenced by unusual options trading activity. The sentiment among these big-money traders is 30% bullish and 69% bearish. The whales have been targeting a price range from $7.0 to $22.0 for Palantir over the last 3 months. The price of PLTR is currently up 0.17% at $17.83. Wedbush and HSBC have downgraded their actions on Palantir to Outperform and Hold respectively.
October 11, 2023 | 4:46 pm
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Unusual options trading activity indicates a significant bearish stance on Palantir Technologies. The sentiment among big-money traders is largely bearish, with a targeted price range of $7.0 to $22.0.
The bearish stance taken by a large investor or institution, as evidenced by the unusual options trading activity, could potentially drive the stock price down in the short term. The sentiment among these big-money traders is largely bearish, which further supports this potential downward trend. Additionally, the downgrades by Wedbush and HSBC could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100