PayPal Holdings Unusual Options Activity For October 20
Portfolio Pulse from Benzinga Insights
PayPal Holdings (NASDAQ:PYPL) has seen unusual options activity, with a significant bearish stance taken by a 'whale' investor. Of the 11 strange trades detected, 63% were bearish and 36% bullish. The total amount for puts was $894,392 and for calls was $479,025. The price range targeted over the last 3 months was $51.0 to $110.0. The current price of PYPL is down -1.5% at $53.99. Analysts from Oppenheimer, TD Cowen, Truist Securities, Jefferies, and Piper Sandler have maintained their ratings on PayPal, with price targets ranging from $60 to $72.
October 20, 2023 | 1:46 pm
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PayPal Holdings has seen unusual options activity, with a significant bearish stance. Analysts have maintained their ratings, with price targets ranging from $60 to $72.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially impact PayPal's stock price negatively in the short term. However, the maintained ratings and price targets by analysts suggest a more stable outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100