United Parcel Service Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 69% of recent trades being bearish. The price target for UPS over the last 3 months has been between $170.0 and $210.0. Barclays has maintained their Equal-Weight rating on UPS with a price target of $172, while Atlantic Equities downgraded its action to Neutral with a price target of $162. The current price of UPS is $175.94, up 0.72%.
June 28, 2023 | 7:36 pm
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NEGATIVE IMPACT
Bearish stance taken by a significant investor on UPS, with 69% of recent trades being bearish. Barclays maintains Equal-Weight rating with a price target of $172, while Atlantic Equities downgrades to Neutral with a price target of $162.
The bearish stance taken by a significant investor, along with the downgrade by Atlantic Equities, could potentially lead to a decrease in UPS's stock price in the short term. However, the current price of UPS is above both the price targets set by Barclays and Atlantic Equities, which could indicate some resistance to a significant drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100