This Is What Whales Are Betting On Palantir Technologies
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Palantir Technologies (NYSE:PLTR), with 69% of recent trades being bearish and 30% bullish. The trades include 4 puts worth $406,866 and 9 calls worth $503,344. The targeted price range for Palantir over the last 3 months has been $10.0 to $20.0. The current price of PLTR is up 1.33% at $15.27, with the stock considered neutral between overbought and oversold.
October 30, 2023 | 3:01 pm
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A significant investor has taken a bearish stance on Palantir Technologies. The targeted price range for Palantir over the last 3 months has been $10.0 to $20.0.
The bearish stance taken by a significant investor, along with the high percentage of bearish trades, suggests a potential downward pressure on the stock price in the short term. The targeted price range also indicates a potential downside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100