Looking At United Parcel Service's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on United Parcel Service (NYSE:UPS) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $100.0 to $180.0 for UPS over the last 3 months. The company's next earnings are expected to be released in 2 days. Analysts from HSBC, Raymond James, Susquehanna, JP Morgan, and Barclays have given their ratings and price targets for UPS.
October 24, 2023 | 5:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Unusual options activity indicates a bearish sentiment towards UPS. The company's next earnings are expected in 2 days, which could potentially influence the stock price.
The unusual options activity, with a majority being bearish, indicates that traders are expecting the stock price to decrease. The upcoming earnings release could potentially influence the stock price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100