Check Out What Whales Are Doing With FDX
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on FedEx (NYSE:FDX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $210.0 to $310.0 for FedEx over the last 3 months. Analysts from Stifel, Raymond James, Argus Research, and Citigroup maintain a Buy or Outperform rating on FedEx, while Morgan Stanley downgraded its action to Equal-Weight.
June 28, 2023 | 6:32 pm
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A large investor has taken a bearish stance on FedEx, with unusual options activity indicating a price target range of $210.0 to $310.0. Analysts' ratings are mixed.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down in the short term. However, the mixed ratings from analysts suggest uncertainty in the market, which could also impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100