Big Players' Recent Trades in PDD Options
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected unusual options activity in PDD Holdings (NASDAQ:PDD), with a total of 34 trades indicating a split sentiment of 50% bullish and 50% bearish. Significant trades included bullish calls with expiration dates ranging from December 1 to December 15, 2023, and strike prices around $90 to $120. The total value of calls was $2,992,574, while puts amounted to $687,952. PDD's current trading volume is 2,749,012, with a recent price drop of -1.82% to $116.62. Analysts from Goldman Sachs and UBS have set target prices of $155 and $137, respectively, with both maintaining a Buy rating. PDD's earnings announcement is expected in 7 days.
November 21, 2023 | 5:45 pm
News sentiment analysis
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POSITIVE IMPACT
Unusual options activity detected for PDD Holdings with a balanced sentiment and significant bullish calls. Analysts maintain a Buy rating with target prices suggesting upside potential. Earnings announcement expected shortly, which could influence stock price.
The unusual options activity, particularly the bullish calls, indicates that investors may be anticipating positive developments for PDD Holdings. The upcoming earnings announcement adds to the potential for stock price movement. Analysts' Buy ratings and target prices above the current stock price further support the likelihood of a short-term positive impact on PDD's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100