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 80% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $185 to $230 for FedEx over the last 3 months. The stock is currently trading at $222.03, up 1.15%.
June 07, 2023 | 5:16 pm
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A large bearish position has been spotted on FedEx (NYSE:FDX), with 80% of big-money traders showing bearish sentiment. The stock is currently trading at $222.03, up 1.15%.
The large bearish position on FedEx indicates that big-money traders expect the stock price to decline in the short term. With 80% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. The current stock price of $222.03 is within the targeted price range of $185 to $230, which further supports the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100