Check Out What Whales Are Doing With PYPL
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL), with a significant move detected by Benzinga's options scanner. The activity includes 30 unusual options activities, with a bearish majority of 76% and a bullish minority of 23%. The options trades suggest a target price range of $40.0 to $85.0 for PYPL over the next three months. The largest trades observed include both bearish and bullish sentiments, with notable trades in both calls and puts. PayPal, known for its electronic payment solutions and owning Venmo, has 426 million active accounts as of the end of 2023. The stock is currently down by -0.55% at $61.76, with an earnings announcement expected in 11 days. Market experts have issued ratings with a consensus target price of $68.0.

April 19, 2024 | 7:16 pm
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Whales show a bearish sentiment towards PayPal Holdings, with a significant portion of options activity suggesting a price range of $40-$85. The stock is currently experiencing a slight dip, with an earnings announcement expected soon. Market experts have a consensus target price of $68.
The bearish sentiment among significant investors, indicated by the options activity, suggests a potential short-term downside for PYPL. However, the consensus target price from market experts and the upcoming earnings announcement could influence the stock's direction. The current dip in price and the anticipation of earnings make this a critical moment for investors to watch.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100