Palantir Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Palantir Technologies (NYSE:PLTR) as indicated by unusual options activity. Benzinga's options scanner detected 16 uncommon options trades, with 56% being bearish. The trading volumes and open interest suggest a focus on a price band between $3.0 and $26.0. Analysts have mixed ratings on PLTR, with price targets ranging from $9 to $35.
May 21, 2024 | 3:31 pm
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Unusual options activity for Palantir Technologies shows a bearish sentiment among big-money traders. Analysts have mixed ratings with price targets ranging from $9 to $35.
The detection of unusual options activity with a predominantly bearish sentiment suggests that significant investors expect a decline in PLTR's stock price. The mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100