American Express Unusual Options Activity For July 25
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 55% bearish. The price range targeted by these investors for American Express over the last 3 months is from $140.0 to $190.0. The current price of AXP is down -0.21% at $167.44. Several experts have downgraded their ratings on American Express, with price targets ranging from $146 to $193.
July 25, 2023 | 4:45 pm
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Unusual options activity indicates a bearish stance on American Express. The sentiment among big-money traders is split, with a slight lean towards bearish. Several experts have downgraded their ratings on American Express, with price targets ranging from $146 to $193.
The unusual options activity, with a bearish stance, indicates that large investors are expecting the price of American Express to decrease. This, combined with the downgraded ratings from several experts, suggests a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100