Decoding Palantir Technologies's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Investors with significant capital have shown a bullish stance on Palantir Technologies (NYSE:PLTR), with 60% of recent options trades being bullish. The options activity suggests a price window of $10.0 to $30.0 for PLTR. The stock is currently up 1.88% at $24.61, with RSI indicators hinting at an overbought condition. Analysts have mixed ratings, with price targets ranging from $20 to $29.
June 25, 2024 | 3:31 pm
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Significant options activity on Palantir Technologies (NYSE:PLTR) indicates a bullish sentiment among big-money investors, with 60% of trades being bullish. The stock is currently up 1.88% at $24.61, and analysts have mixed ratings with price targets ranging from $20 to $29.
The significant bullish options activity suggests that investors expect the stock to rise. The current price increase and mixed analyst ratings further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100