United Parcel Service Unusual Options Activity For August 14
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for United Parcel Service (UPS), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $167.5 and $210.0. The current price of UPS is down by 0.83% at $175.15. Several financial institutions have downgraded their ratings for UPS, with price targets ranging from $185 to $195.
August 14, 2023 | 2:46 pm
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Unusual options activity has been observed for UPS, with a majority of investors taking a bearish stance. The current price of UPS is down by 0.83% at $175.15. Several financial institutions have downgraded their ratings for UPS, with price targets ranging from $185 to $195.
The bearish stance taken by a majority of investors in the unusual options activity indicates a negative sentiment towards UPS. This, coupled with the downgraded ratings from several financial institutions, could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100