Looking At FedEx's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on FedEx (NYSE:FDX) has been observed in recent unusual options activity. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $230.0 to $290.0 for FedEx over the last 3 months. The price of FDX is currently down -1.8% at $243.57. Analysts from Wells Fargo, HSBC, Deutsche Bank, Jefferies, and Loop Capital have maintained their ratings on FedEx with price targets ranging from $265 to $330.

October 18, 2023 | 6:01 pm
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FedEx has seen unusual options activity with a significant bullish stance. Analysts have maintained their ratings with price targets ranging from $265 to $330.
The unusual options activity indicates that big-money traders are bullish on FedEx. This, combined with the maintained ratings and price targets from analysts, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100