Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings PDD revealed 82 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 42 were puts, with a value of $46,157,427, and 40 were calls, valued at $2,657,105.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $190.0 for PDD Holdings, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for PDD Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PDD Holdings's whale activity within a strike price range from $50.0 to $190.0 in the last 30 days.
PDD Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PDD | PUT | TRADE | BEARISH | 04/19/24 | $180.00 | $15.5M | 575 | 9.4K |
| PDD | PUT | TRADE | BULLISH | 04/19/24 | $185.00 | $4.3M | 165 | 680 |
| PDD | PUT | TRADE | BULLISH | 04/19/24 | $155.00 | $3.8M | 294 | 1.1K |
| PDD | PUT | TRADE | BEARISH | 04/19/24 | $155.00 | $3.2M | 294 | 2.1K |
| PDD | PUT | TRADE | BULLISH | 04/19/24 | $185.00 | $2.8M | 165 | 3.1K |
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.
In light of the recent options history for PDD Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of PDD Holdings
- With a trading volume of 9,532,116, the price of PDD is up by 0.16%, reaching $120.06.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 59 days from now.
What The Experts Say On PDD Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $171.8.
- In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $157.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for PDD Holdings, targeting a price of $185.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on PDD Holdings with a target price of $161.
- Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on PDD Holdings with a target price of $220.
- An analyst from Goldman Sachs downgraded its action to Neutral with a price target of $136.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PDD Holdings with Benzinga Pro for real-time alerts.
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