This Is What Whales Are Betting On PayPal Holdings
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on PayPal Holdings (NASDAQ:PYPL) with 51% of recent options trades being bearish. The options activity suggests a price range of $50 to $120 for PYPL. The stock is currently trading at $83.31, up 1.97%, but may be approaching overbought territory. The next earnings report is due in one day.
October 28, 2024 | 2:30 pm
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Whales are predominantly bearish on PayPal Holdings with 51% of options trades reflecting this sentiment. The stock is currently trading at $83.31, up 1.97%, but may be nearing overbought levels. The next earnings report is due in one day.
The article highlights a bearish sentiment among large investors ('whales') towards PayPal, with 51% of options trades being bearish. This suggests a potential downward pressure on the stock price. The stock's current price increase and approaching overbought RSI values add to the potential for a price correction. The upcoming earnings report could further influence the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100