This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on American Express (NYSE:AXP), with 80% of the big-money traders' sentiment being bearish. The whales have been targeting a price range from $140.0 to $260.0 for American Express over the last 3 months. RBC Capital upgraded its action to Outperform with a price target of $200.
September 25, 2023 | 6:01 pm
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A large investor has taken a bearish stance on American Express, with the majority of big-money traders also being bearish. However, RBC Capital has upgraded its action to Outperform with a price target of $200.
The bearish sentiment among large investors and the majority of big-money traders could potentially drive the stock price down in the short term. However, the upgrade by RBC Capital to Outperform with a price target of $200 could potentially have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100