PayPal Holdings's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL) with significant options activity. Benzinga's options scanner highlighted 18 extraordinary options activities, with 61% of the sentiment being bearish. The trading volumes and Open Interest suggest a focus on a price band between $57.5 and $80.0 for PYPL. Analysts have mixed ratings with target prices ranging from $80 to $90.
June 05, 2024 | 4:46 pm
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Deep-pocketed investors are showing a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL) with significant options activity. Benzinga's options scanner highlighted 18 extraordinary options activities, with 61% of the sentiment being bearish. The trading volumes and Open Interest suggest a focus on a price band between $57.5 and $80.0 for PYPL.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term decline in PYPL's stock price. The focus on a price band between $57.5 and $80.0 further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100