This Is What Whales Are Betting On FedEx
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on FedEx (NYSE:FDX), as observed in the publicly available options history. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $150.0 to $255.0 for FedEx over the last 3 months. The price of FDX is down -1.48% at $246.28. Analysts from Argus Research, Raymond James, and JP Morgan maintain positive ratings on FedEx, while Stephens & Co. and Citigroup have downgraded their actions.
June 30, 2023 | 4:01 pm
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A large bearish position has been taken on FedEx, with the sentiment of big-money traders being more bearish than bullish. The stock price is currently down, and analysts have mixed ratings.
The bearish position taken by large traders indicates a potential downward trend for FedEx. This, combined with the current decrease in stock price, suggests a negative short-term impact. However, the mixed analyst ratings add some uncertainty to the prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100