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 80% of recent trades being bearish. The targeted price range for UPS over the last 3 months is $125.0 to $210.0. The current price of UPS is down -0.52% at $159.9. Analysts from Citigroup, B of A Securities, Evercore ISI Group, and TD Cowen maintain their ratings on UPS, while Stephens & Co. downgraded its action to Equal-Weight.
September 15, 2023 | 5:33 pm
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A significant investor has taken a bearish stance on United Parcel Service (UPS), with 80% of recent trades being bearish. The current price of UPS is down -0.52% at $159.9. Analysts have mixed ratings on UPS.
The bearish stance taken by a significant investor, coupled with the current price drop, indicates a potential short-term negative impact on UPS's stock price. However, the mixed analyst ratings could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100