Palantir Technologies's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Palantir Technologies (NYSE:PLTR), with a significant move in options trading. Benzinga's tracking revealed 9 extraordinary activities, with a majority being bearish despite a mix of calls and puts. The targeted price range is $17.0 to $34.0. The current market status shows PLTR's price at $21.71, down by -0.86%, with an anticipated earnings release in 20 days. An analyst from Monness, Crespi, Hardt downgraded the stock to Sell with a target price of $20.
April 16, 2024 | 1:46 pm
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NEGATIVE IMPACT
Bearish options trading activity and analyst downgrade suggest potential short-term downside for PLTR, despite upcoming earnings.
The bearish sentiment from deep-pocketed investors, highlighted by significant options trading activity and an analyst downgrade, suggests a negative outlook for PLTR's stock price in the short term. The anticipation of earnings release adds to the stock's volatility, making it a critical period for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100