FedEx Unusual Options Activity For September 15
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for FedEx (NYSE:FDX), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $255,950 and for calls was $149,190. The price range targeted by whales over the last 3 months is from $180.0 to $290.0. The current price of FDX is down -1.05% at $254.33. Analysts from Citigroup, Baird, Barclays, Morgan Stanley, and Wells Fargo have maintained their ratings on FedEx, with price targets ranging from $200 to $300.
September 15, 2023 | 7:04 pm
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NEGATIVE IMPACT
Unusual options activity has been detected for FedEx, with a bearish stance being taken by a majority of investors. Analysts have maintained their ratings on FedEx, with price targets ranging from $200 to $300.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of FedEx to decrease. This, combined with the current price of FDX being down -1.05%, suggests a negative short-term impact on the stock. However, the maintained ratings from analysts with price targets ranging from $200 to $300 indicate a potential for growth in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100