FedEx Unusual Options Activity For July 31
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on FedEx (NYSE:FDX), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The trades include 7 puts, totaling $347,180, and 5 calls, totaling $157,985. The price target range for FedEx over the last 3 months has been $200.0 to $290.0. The price of FDX is up 0.14% at $269.23, and RSI indicators suggest the stock may be approaching overbought.
July 31, 2023 | 6:15 pm
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A significant investor has taken a bullish stance on FedEx. The price target range for FedEx over the last 3 months has been $200.0 to $290.0. The price of FDX is up 0.14% at $269.23, and RSI indicators suggest the stock may be approaching overbought.
The news of a significant investor taking a bullish stance on FedEx, along with the price target range and the current price increase, suggests a positive short-term impact on the stock. However, the RSI indicators hinting at the stock being overbought could potentially lead to a price correction.
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