This Is What Whales Are Betting On United Parcel Service
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on United Parcel Service (NYSE:UPS) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The price target for UPS over the last three months has been between $110.0 and $210.0. The current price of UPS is down -0.91% at $166.96. Several financial institutions have maintained or downgraded their ratings on UPS, with price targets ranging from $185 to $195.
August 22, 2023 | 6:16 pm
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A large investor has taken a bearish stance on United Parcel Service (UPS), which may indicate a potential downturn. The current price of UPS is down -0.91% at $166.96.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there may be a potential downturn for UPS. This, combined with the current price decrease, could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100