Union Pacific Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Union Pacific (NYSE:UNP) with 91% of investors opening trades with bearish expectations. Of the total trades, 10 are puts amounting to $466,755 and 2 are calls amounting to $109,680. Whales have been targeting a price range from $215.0 to $230.0 for Union Pacific over the last 3 months. The current price of UNP is down -0.63% at $223.84. Analysts from Morgan Stanley, Stephens & Co., Raymond James, and RBC Capital have maintained their ratings on Union Pacific with price targets ranging from $182 to $282.
August 21, 2023 | 7:15 pm
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NEGATIVE IMPACT
Union Pacific has seen a significant bearish stance with 91% of trades being bearish. The current price is down -0.63% at $223.84. Analysts have maintained their ratings with price targets ranging from $182 to $282.
The bearish stance taken by a majority of investors indicates a negative sentiment towards Union Pacific. This, coupled with the current price drop, could potentially lead to a decrease in the stock price in the short term. However, the maintained ratings and price targets by analysts suggest a potential recovery in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100