American Express Unusual Options Activity For September 27
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on American Express (NYSE:AXP) as indicated by unusual options activity. The overall sentiment of these big-money traders is 85% bearish. Whales have been targeting a price range from $160.0 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 27, 2023 | 4:46 pm
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Unusual options activity indicates a bearish stance on American Express. The sentiment of big-money traders is 85% bearish. RBC Capital upgraded its action to Outperform with a price target of $200.
The unusual options activity and the bearish sentiment of big-money traders indicate a potential short-term decrease in the price of American Express. However, the upgrade by RBC Capital to Outperform with a price target of $200 could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100