Check Out What Whales Are Doing With PDD
Portfolio Pulse from Benzinga Insights
Whale investors have shown a bearish stance on PDD Holdings (NASDAQ:PDD), with a split sentiment of 49% bullish and 50% bearish among 97 unusual options trades. The trades indicate a price target range of $70 to $180 for PDD. Significant trades include both puts and calls with varying sentiments and expiration dates. PDD's current trading volume is 8,189,251, with a price increase of 2.92% to $115.16. Analyst ratings from Goldman Sachs and Jefferies show a mixed outlook with targets of $136 and $157, respectively. Earnings are expected in 14 days.
March 12, 2024 | 7:15 pm
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NEUTRAL IMPACT
Whale investors' bearish stance and unusual options activity indicate potential volatility for PDD Holdings, with a price target range of $70 to $180. Mixed analyst ratings and upcoming earnings could further influence stock price.
The bearish stance by whale investors, evidenced by a significant amount of put options, suggests potential downward pressure on PDD's stock price. However, the presence of bullish options and mixed analyst ratings introduces uncertainty, making the short-term impact neutral. The upcoming earnings announcement adds to this uncertainty, as it could sway the stock price in either direction depending on the outcome.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100