This Is What Whales Are Betting On PayPal Holdings
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 21% bullish and 78% bearish. The whales have been targeting a price range from $55.0 to $77.5 for PayPal over the last 3 months. Analysts from Morgan Stanley, Truist Securities, RBC Capital, HSBC, and Oppenheimer have maintained their positive ratings on PayPal, with price targets ranging from $65 to $118.
November 03, 2023 | 2:46 pm
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PayPal Holdings has seen significant bearish options trading activity. Despite this, analysts from several firms have maintained their positive ratings on the company.
The bearish options trading activity indicates that a large investor is expecting PayPal's stock price to decrease. However, analysts from several firms maintaining their positive ratings on the company could potentially counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100