FedEx Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on FedEx (NYSE:FDX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $210.0 to $282.5 for FedEx over the last 3 months. Analysts from Morgan Stanley, Loop Capital, Susquehanna, Citigroup, and BMO Capital have maintained their ratings on FedEx with price targets ranging from $205 to $315.
October 12, 2023 | 7:02 pm
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Unusual options activity indicates a significant bearish stance on FedEx. Analysts have maintained their ratings with varying price targets.
The unusual options activity, with a 90% bearish sentiment, indicates that large investors are expecting FedEx's stock price to decrease. This could potentially lead to a short-term drop in the stock price. However, analysts have maintained their ratings on FedEx, suggesting a level of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100