American Express Unusual Options Activity For August 08
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 overall sentiment of these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $145.0 to $170.0 for American Express over the last 3 months. The price of AXP is down -0.65% at $165.87. Several financial institutions have given their ratings and price targets for AXP.
August 08, 2023 | 8:31 pm
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Unusual options activity indicates a significant bearish stance on American Express. The price of AXP is currently down.
The unusual options activity, with a significant bearish stance, indicates that the investor expects the price of AXP to fall. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100