American Express Unusual Options Activity For July 20
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for American Express (NYSE:AXP), with a majority of investors taking a bearish stance. The trades range from $150.0 to $195.0. The current price of AXP is $177.11, with a volume of 3,892,832. Several experts have downgraded their ratings on American Express, with price targets ranging from $146 to $193.
July 20, 2023 | 8:45 pm
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Unusual options activity detected for American Express, with majority investors bearish. Experts downgrade ratings, price targets range $146-$193.
The bearish stance taken by majority investors in the options market, coupled with the downgraded ratings from experts, indicates a potential negative short-term impact on American Express's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100