FedEx Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on FedEx (NYSE:FDX) has been observed through unusual options activity. The sentiment among big-money traders is split between 27% bullish and 72% bearish. Whales have been targeting a price range from $240.0 to $280.0 for FedEx over the last 3 months. The price of FDX is currently down -0.42% at $258.85. Stephens & Co. downgraded its action to Overweight with a price target of $290.
August 22, 2023 | 4:01 pm
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Unusual options activity indicates a bearish stance on FedEx. The sentiment among big-money traders is 72% bearish. The price of FDX is currently down -0.42%.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in FedEx's stock price. The current price drop of -0.42% aligns with this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100