FedEx Unusual Options Activity For July 27
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for FedEx (NYSE:FDX), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The price target range for FedEx over the last 3 months has been $150.0 to $280.0. The current price of FDX is up 0.56% at $269.64. The next earnings are expected to be released in 55 days.
July 27, 2023 | 4:48 pm
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FedEx has seen unusual options activity with a large, bullish position. The sentiment among these traders is 63% bullish and 36% bearish. The price target range for FedEx over the last 3 months has been $150.0 to $280.0. The current price of FDX is up 0.56% at $269.64.
The unusual options activity, particularly the large bullish position, indicates that there may be significant investor confidence in FedEx's performance. This could potentially drive the stock price up in the short term. The current price increase of 0.56% also supports this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100