Looking At PDD Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards PDD Holdings (NASDAQ:PDD) through unusual options activity. Analysis reveals 27 unusual trades with 55% bearish and 33% bullish tendencies. The price target for PDD ranges from $85 to $210. Current market status shows a slight decline in PDD's stock price, with a trading volume of 1,135,582 and an RSI indicating potential oversold conditions. Analysts maintain a positive outlook with an average target price of $219.
June 20, 2024 | 2:16 pm
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Unusual options activity indicates a bearish sentiment towards PDD Holdings, with 55% of trades showing bearish tendencies. Despite this, analysts maintain a positive outlook with an average target price of $219.
The majority of unusual options trades (55%) are bearish, indicating a negative short-term sentiment. However, analysts' positive ratings and high target prices suggest a potential rebound in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100