This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on PDD Holdings (NASDAQ:PDD), with 56% of recent trades being bearish and 44% bullish. The total amount for put options is $211,943 and for call options is $1,162,888. Whales have been targeting a price range from $40.0 to $135.0 for PDD Holdings over the last 3 months. The current price of PDD is $105.52, down 0.55%.
October 16, 2023 | 4:15 pm
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NEGATIVE IMPACT
Bearish stance taken on PDD Holdings with majority of recent trades being bearish. Whales have been targeting a price range from $40.0 to $135.0 over the last 3 months.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, indicates a potential downward pressure on the stock price. The targeted price range by whales also suggests a potential volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100