Spotlight on Palantir Technologies: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
The article highlights a surge in options activity for Palantir Technologies (NYSE:PLTR), with a noticeable bearish stance from large investors. Out of 47 trades, 59% were bearish and 34% bullish. The trades include 29 puts totaling $1,802,286 and 18 calls totaling $1,302,484. Analysts have mixed ratings on PLTR, with price targets ranging from $21 to $35.
August 07, 2024 | 6:49 pm
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Palantir Technologies has seen a surge in options activity with a bearish tilt. 59% of the trades were bearish, totaling $1.8M in puts. Analysts have mixed ratings with price targets ranging from $21 to $35.
The significant bearish options activity suggests that large investors are expecting a decline in PLTR's stock price. This sentiment is reinforced by mixed analyst ratings, with some maintaining a 'Sell' rating and lower price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100