Spotlight on PayPal Holdings: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Significant options activity has been observed in PayPal Holdings (NASDAQ:PYPL), with a majority of trades being bullish. Analysts have mixed ratings, with price targets ranging from $78 to $90. The stock is currently trading at $59.3, down by 1.37%, and may be approaching oversold territory.
June 18, 2024 | 5:16 pm
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PayPal Holdings has seen a surge in options activity, with 51% of trades being bullish. Analysts have mixed ratings with price targets between $78 and $90. The stock is currently trading at $59.3, down by 1.37%, and may be approaching oversold territory.
The significant bullish options activity and mixed but generally positive analyst ratings suggest a potential upward movement in PayPal's stock price. The current price and RSI indicators also support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100