FedEx Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for FedEx (NYSE:FDX), with a significant bearish stance taken by a large investor. The overall sentiment among these big-money traders is split between 41% bullish and 58% bearish. The price target for FedEx, based on Volume and Open Interest, is between $200.0 to $240.0. The current price of FDX is up 1.4% at $251.13. Analysts from Stifel, Stephens & Co., Credit Suisse, Argus Research, and JP Morgan have maintained their ratings on FedEx, with price targets ranging from $251 to $290.
July 07, 2023 | 3:33 pm
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NEGATIVE IMPACT
FedEx has seen unusual options activity with a significant bearish stance taken by a large investor. The price target is between $200.0 to $240.0. The current price is up 1.4% at $251.13.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates that there may be a potential downside risk for FedEx's stock in the short term. This is further supported by the fact that the price target range is below the current stock price. However, the ratings maintained by various analysts suggest a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100