PDD Holdings Unusual Options Activity For October 20
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $60.0 to $130.0 for PDD Holdings over the last 3 months. The price of PDD is currently down -0.55% at $103.5.
October 20, 2023 | 3:30 pm
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Unusual options activity indicates a significant bearish stance on PDD Holdings. The price of PDD is currently down -0.55%.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of PDD to decrease. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100