Check Out What Whales Are Doing With FDX
Portfolio Pulse from Benzinga Insights
A large bearish position on FedEx (NYSE:FDX) has been spotted, with 78% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $185 to $245 for FedEx over the last 3 months. Deutsche Bank maintains a Buy rating on FedEx with a price target of $282.
May 31, 2023 | 4:16 pm
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A large bearish position has been spotted on FedEx, with 78% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $185 to $245 for FedEx over the last 3 months.
The large bearish position on FedEx indicates that big-money traders expect the stock price to decline in the short term. With 78% of these traders showing bearish sentiment and whales targeting a price range of $185 to $245, it is likely that the stock price will be negatively impacted in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100