Behind the Scenes of Palantir Technologies's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Palantir Technologies (NYSE:PLTR) show a bearish sentiment among major investors, with 66% of trades being bearish. The stock is currently trading at $43.1, down by 1.36%, and is approaching overbought levels according to RSI indicators. An analyst from Mizuho maintains an Underperform rating with a target price of $30.0.
October 31, 2024 | 1:45 pm
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Palantir Technologies is experiencing a bearish sentiment in options trading, with 66% of trades being bearish. The stock is currently down 1.36% at $43.1 and is approaching overbought levels. An analyst from Mizuho maintains an Underperform rating with a target price of $30.0.
The bearish sentiment in options trading, combined with the stock's current decline and the analyst's Underperform rating, suggests a negative short-term outlook for Palantir Technologies. The stock's approach to overbought levels further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100