PayPal Holdings Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on PayPal Holdings (NASDAQ:PYPL), with 65% of the investors opening trades with bullish expectations and 35% with bearish. The whales have been targeting a price range from $30.0 to $105.0 for PayPal Holdings over the last 3 months. The price of PYPL is up 2.28% at $57.02, with RSI indicators suggesting the stock may be approaching oversold. Next earnings are expected to be released in 16 days.
October 16, 2023 | 5:30 pm
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A significant investor has taken a bullish stance on PayPal Holdings. The price of PYPL is up 2.28% at $57.02, with RSI indicators suggesting the stock may be approaching oversold. Next earnings are expected to be released in 16 days.
The bullish stance taken by a significant investor, along with the current price increase, suggests a positive short-term impact on PayPal's stock. However, the RSI indicators hinting at the stock being potentially oversold could lead to a price correction in the near future. The upcoming earnings release could also influence the stock's performance.
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