FedEx Unusual Options Activity For June 05
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for FedEx (NYSE:FDX), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is 70% bullish and 30% bearish. Whales have been targeting a price range of $190 to $225 for FedEx over the last 3 months.
June 05, 2023 | 8:32 pm
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FedEx has seen unusual options activity, with a large position indicating a bullish stance. The overall sentiment of big-money traders is 70% bullish and 30% bearish, targeting a price range of $190 to $225.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on FedEx, which could potentially drive the stock price higher in the short term. The overall sentiment of 70% bullish and 30% bearish among big-money traders further supports this view. Additionally, Deutsche Bank has maintained their Buy rating on FedEx with a price target of $282.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100