This Is What Whales Are Betting On United Parcel Service
Portfolio Pulse from Benzinga Insights
A large bearish position on United Parcel Service (NYSE:UPS) has been observed, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $165 to $300 for UPS over the last 3 months. Barclays maintains an Equal-Weight rating on UPS with a price target of $172.
June 05, 2023 | 7:47 pm
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A large bearish position has been observed in UPS, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $165 to $300 for UPS over the last 3 months.
The large bearish position observed in UPS indicates that big-money traders expect the stock price to decline in the short term. With 70% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. Additionally, the targeted price range of $165 to $300 by whales over the last 3 months suggests that there is significant interest in the stock, further supporting the potential for a short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100