This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on American Express (NYSE:AXP), as observed from publicly available options history. The sentiment among big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $135.0 to $200.0 for American Express over the last 3 months. Morgan Stanley maintains an Overweight rating on AXP with a price target of $185, Piper Sandler maintains an Underweight rating with a price target of $150, and RBC Capital upgraded its action to Outperform with a price target of $200.
October 03, 2023 | 2:31 pm
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A large bearish position has been taken on American Express (NYSE:AXP), indicating potential downward pressure on the stock. Analysts' ratings and price targets vary, suggesting uncertainty in the market.
The large bearish position taken on American Express indicates that a significant investor expects the stock price to decrease. This could put downward pressure on the stock. However, analysts' ratings and price targets vary, suggesting that there is uncertainty in the market about the future performance of the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100