FedEx Unusual Options Activity For October 04
Portfolio Pulse from Benzinga Insights
A significant bearish stance on FedEx (NYSE:FDX) has been observed in the options market. The overall sentiment of big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $230.0 to $270.0 for FedEx over the last 3 months. The current price of FDX is $260.05. Analysts have mixed ratings on FedEx, with price targets ranging from $200 to $330.
October 04, 2023 | 8:16 pm
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Bearish sentiment observed in FedEx's options market could potentially impact the stock's price. Analysts have mixed ratings on FedEx, with price targets ranging from $200 to $330.
The bearish sentiment observed in the options market indicates that traders are expecting the price of FedEx to decrease. This could potentially lead to a sell-off, negatively impacting the stock's price. Additionally, the wide range of price targets from analysts suggests uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100