Check Out What Whales Are Doing With UPS
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on United Parcel Service (NYSE:UPS) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $185.0 to $195.0 for UPS over the last 3 months. Credit Suisse and Morgan Stanley have downgraded their actions on UPS to Neutral and Underweight respectively.
August 04, 2023 | 10:04 am
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A large investor has taken a bearish stance on UPS, with unusual options activity indicating a 70% bearish sentiment. This, along with downgrades from Credit Suisse and Morgan Stanley, could negatively impact UPS's stock price.
The bearish sentiment among large investors, as indicated by unusual options activity, suggests that there may be a belief that UPS's stock price will decrease. This is further supported by the downgrades from Credit Suisse and Morgan Stanley, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100