This Is What Whales Are Betting On United Parcel Service
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 72% of recent trades being bearish and 27% bullish. The majority of trades are puts, totaling $389,577, compared to $102,335 in calls. Whales have been targeting a price range of $160 to $190 for UPS over the last three months. The current price of UPS is down 0.99% at $162.35. Analysts from Oppenheimer, UBS, JP Morgan, Credit Suisse, and BMO Capital have maintained their ratings on UPS, with price targets ranging from $185 to $195.
September 06, 2023 | 4:31 pm
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Bearish sentiment is prevalent among significant investors in UPS, with a majority of recent trades being puts. The stock's current price is down, and analysts have maintained their ratings with price targets ranging from $185 to $195.
The bearish sentiment among significant investors, indicated by the majority of trades being puts, suggests a potential downward pressure on the stock price. The current price decrease further supports this. However, the maintained ratings and price targets from analysts indicate a potential for recovery.
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IMPORTANCE 80
RELEVANCE 100