American Express Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 93% bearish. The whales have been targeting a price range from $145.0 to $180.0 for American Express over the last 3 months. The current price of AXP is $161.34. Analysts have mixed opinions with RBC Capital and Morgan Stanley downgrading their actions while B of A Securities maintains their Buy rating.
August 21, 2023 | 8:00 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on American Express (NYSE:AXP) as observed in the unusual options activity. The sentiment among these big-money traders is 93% bearish. Analysts have mixed opinions on AXP.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests a potential decrease in the stock price of American Express. This is further supported by the mixed opinions of analysts, with some downgrading their actions on AXP.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100