Looking At United Parcel Service's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on United Parcel Service (NYSE:UPS) as indicated by unusual options activity. The sentiment among big-money traders is 75% bearish and 25% bullish. Whales have been targeting a price range from $165.0 to $210.0 for UPS over the last 3 months. Morgan Stanley has downgraded UPS to Underweight with a price target of $100.
July 19, 2023 | 6:31 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish sentiment towards United Parcel Service. Morgan Stanley has downgraded the stock to Underweight.
The unusual options activity, with a 75% bearish sentiment, indicates that big-money traders are expecting the price of UPS to decrease. This is further supported by Morgan Stanley's downgrade of the stock to Underweight.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100