This Is What Whales Are Betting On PDD Holdings
Portfolio Pulse from Benzinga Insights
Wealthy investors have shown significant interest in PDD Holdings (NASDAQ:PDD) through unusual options trading activity. Benzinga's options scanner detected 72 uncommon trades, with a mix of bullish and bearish sentiments. Analysts have set high price targets for PDD, with recent upgrades from Goldman Sachs and other firms.
June 05, 2024 | 2:16 pm
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Significant options trading activity detected for PDD Holdings, with a mix of bullish and bearish sentiments. Analysts have set high price targets, indicating potential upward movement.
The detection of 72 uncommon options trades, combined with bullish analyst ratings and high price targets, suggests a potential upward movement in PDD's stock price. The mix of bullish and bearish sentiments indicates market interest and potential volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100