What the Options Market Tells Us About PDD Holdings
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards PDD Holdings, with 48% of trades being bearish. The stock price has decreased by 5.69% to $90.45, and the RSI suggests it may be oversold. The next earnings report is due in 90 days.
August 28, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PDD Holdings is experiencing bearish sentiment in the options market, with 48% of trades being bearish. The stock price has dropped by 5.69% to $90.45, and the RSI suggests it may be oversold. The next earnings report is expected in 90 days.
The options market analysis shows a bearish sentiment with 48% of trades being bearish, and a significant number of put options compared to calls. The stock price has decreased by 5.69%, indicating a negative short-term impact. The RSI suggests the stock may be oversold, which could lead to a potential rebound, but the current sentiment and price movement suggest a likely short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100