This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on American Express (NYSE:AXP), with 70% of the spotted trades being bearish and 30% bullish. The trades include 3 puts for a total of $294,360 and 7 calls for a total of $370,055. The targeted price range for American Express over the last 3 months is from $115.0 to $260.0. The current price of AXP is up 0.69% at $160.29.
August 29, 2023 | 8:16 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on American Express, indicating potential downward pressure on the stock in the short term.
The bearish stance taken by a whale investor, who has significant influence due to the size of their trades, indicates a negative sentiment towards American Express. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100