PDD Holdings's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
PDD Holdings (NASDAQ:PDD) has seen a bearish sentiment from big money investors, with 66% of options trades being bearish. The trading activity suggests an expected price range of $80.0 to $200.0 for PDD Holdings over the next three months. Notable options activity includes both bearish and bullish trades, with a significant volume and open interest in options within the $80.0 to $200.0 strike price range. PDD Holdings, a multinational commerce group, is currently experiencing a slight price decrease with its stock at $137.95, and its next earnings report is expected in 17 days.
May 07, 2024 | 3:31 pm
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PDD Holdings has a bearish outlook from major investors, with a significant portion of options trades indicating a bearish sentiment. The stock is currently at $137.95, with an expected price range of $80 to $200 in the near term.
The bearish sentiment among big money investors, indicated by 66% of options trades being bearish, suggests a potential short-term price decline for PDD Holdings. The expected price range further supports this outlook, alongside the current slight price decrease and the anticipation of the next earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100