This Is What Whales Are Betting On United Parcel Service
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on United Parcel Service (NYSE:UPS), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 70% bullish and 30% bearish. The whales have been targeting a price range from $140.0 to $210.0 for UPS over the last 3 months. The price of UPS is currently down -0.81% at $160.92, and RSI indicators suggest the stock may be oversold.
September 08, 2023 | 8:01 pm
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A large investor has taken a bullish stance on United Parcel Service (NYSE:UPS), indicating potential positive movement in the short term. The stock may be oversold, suggesting a potential rebound.
The bullish stance taken by a large investor on UPS indicates a belief in the company's potential for positive performance. This, combined with the fact that the stock may be oversold (as suggested by RSI indicators), could lead to a rebound in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100