This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on American Express (NYSE:AXP), with 60% of the spotted trades being bearish and 40% bullish. The trades indicate a targeted price range of $145.0 to $170.0 for American Express over the last 3 months. The current price of AXP is down -1.29% at $152.4. Analysts have mixed ratings on the stock, with HSBC downgrading to Buy with a price target of $181, while Piper Sandler maintains an Underweight rating with a price target of $150.
October 18, 2023 | 5:46 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on American Express, with 60% of the trades being bearish. The targeted price range is $145.0 to $170.0. The current price is down -1.29% at $152.4. Analysts have mixed ratings on the stock.
The bearish stance taken by a whale investor, who typically has significant influence on the market, could potentially drive the stock price down in the short term. The targeted price range also indicates a potential downside from the current price. The mixed analyst ratings further add to the uncertainty around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100