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 52% of investors opening trades with bearish expectations. The whales have been targeting a price range from $60.0 to $124.0 for PDD Holdings over the last 3 months. The price of PDD is up 2.31% at $106.6, and RSI indicators suggest the stock may be overbought. The next earnings are expected in 34 days.
October 24, 2023 | 2:01 pm
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A significant investor has taken a bearish stance on PDD Holdings. The stock price is currently up, but RSI indicators suggest it may be overbought. The next earnings are expected in 34 days.
The bearish stance taken by a significant investor, along with the overbought RSI indicators, suggest a potential downturn for PDD Holdings. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100