Check Out What Whales Are Doing With PDD
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on PDD Holdings (NASDAQ:PDD), with options trading indicating a mix of bullish and bearish expectations. Analysis of 71 trades shows a preference for calls over puts, with significant activity aiming for a price range between $50.0 and $180.0. The largest trades include both bearish and bullish sentiments, with notable options expiring between April 2024 and June 2024. PDD Holdings, a multinational commerce group, has seen its stock price slightly increase, with an RSI indicating a neutral position. The company's next earnings report is expected in 14 days.
March 04, 2024 | 6:17 pm
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Whales show bullish interest in PDD Holdings, with a mix of bullish and bearish options trades. The stock is currently neutral with an upcoming earnings report.
The bullish stance by whales, indicated by a higher number of calls, suggests a positive outlook for PDD's stock price in the short term. However, the presence of bearish trades and the neutral RSI temper expectations. The upcoming earnings report adds uncertainty but also potential for significant movement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90