American Express Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on American Express (NYSE:AXP) as indicated by unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $135.0 to $170.0 for American Express over the last 3 months. Several experts have downgraded their ratings on AXP, with price targets ranging from $146 to $203.
July 28, 2023 | 6:16 pm
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Unusual options activity indicates a bearish stance on American Express. The sentiment of big-money traders is 70% bearish. Several experts have downgraded their ratings on AXP.
The unusual options activity, with a majority being bearish, indicates that big-money traders expect the price of AXP to fall. This is further supported by several experts downgrading their ratings on AXP, which could negatively impact investor sentiment and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100