Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings PDD revealed 27 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $135,274, and 24 were calls, valued at $1,771,995.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $210.0 for PDD Holdings over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of PDD Holdings stands at 4582.0, with a total volume reaching 23,101.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PDD Holdings, situated within the strike price corridor from $85.0 to $210.0, throughout the last 30 days.
PDD Holdings Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PDD | CALL | SWEEP | BEARISH | 08/16/24 | $47.05 | $44.55 | $45.58 | $100.00 | $182.2K | 111 | 0 |
| PDD | CALL | TRADE | NEUTRAL | 06/21/24 | $61.45 | $58.05 | $59.45 | $85.00 | $178.3K | 747 | 0 |
| PDD | CALL | SWEEP | BEARISH | 08/16/24 | $1.61 | $1.52 | $1.55 | $170.00 | $135.3K | 3.1K | 15 |
| PDD | CALL | SWEEP | BEARISH | 09/20/24 | $2.05 | $1.9 | $1.9 | $185.00 | $133.0K | 3.3K | 1.9K |
| PDD | CALL | SWEEP | BEARISH | 09/20/24 | $2.0 | $2.0 | $2.0 | $185.00 | $112.8K | 3.3K | 0 |
About PDD Holdings
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
PDD Holdings's Current Market Status
- With a trading volume of 1,135,582, the price of PDD is down by -0.55%, reaching $143.38.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 68 days from now.
Expert Opinions on PDD Holdings
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $219.0.
- An analyst from Citigroup persists with their Buy rating on PDD Holdings, maintaining a target price of $198.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for PDD Holdings, targeting a price of $206.
- In a positive move, an analyst from Goldman Sachs has upgraded their rating to Buy and adjusted the price target to $184.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on PDD Holdings with a target price of $272.
- Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on PDD Holdings with a target price of $235.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PDD Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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