Looking At United Parcel Service's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for United Parcel Service (NYSE:UPS), with a bearish stance being taken by a majority of investors. The targeted price range for UPS over the last 3 months has been between $105.0 and $195.0. The company's stock is currently up 2.6% at $183.91, but RSI indicators suggest it may be overbought. Atlantic Equities has downgraded its action to Neutral with a price target of $162.
July 03, 2023 | 4:19 pm
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Unusual options activity has been observed for UPS, with a bearish stance being taken by a majority of investors. The stock is currently up 2.6% at $183.91, but may be overbought. Atlantic Equities has downgraded its action to Neutral with a price target of $162.
The bearish stance taken by a majority of investors in the options market, combined with the stock potentially being overbought and the downgrade by Atlantic Equities, suggests a negative short-term impact on UPS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100