United Parcel Service Unusual Options Activity For October 13
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for United Parcel Service (NYSE:UPS), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $351,361 and for calls was $302,782. The price target range for UPS over the last 3 months has been $135.0 to $170.0. Analysts from JP Morgan, TD Cowen, Raymond James, Susquehanna, and HSBC have maintained their ratings on UPS, with price targets ranging from $160 to $200.
October 13, 2023 | 5:46 pm
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Unusual options activity detected for UPS, with a bearish stance taken by a 'whale' investor. Analysts maintain their ratings with price targets ranging from $160 to $200.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially impact UPS's stock price in the short term. However, the maintained ratings and price targets by analysts suggest a more stable outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100