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 overall sentiment of these big-money traders is 18% bullish and 81% bearish. The whales have been targeting a price range from $200.0 to $270.0 for FedEx over the last 3 months. Currently, the price of FDX is down -3.66% at $226.6. HSBC has downgraded its action to Buy with a price target of $330, while Susquehanna upgraded its action to Positive with a price target of $315.
October 26, 2023 | 3:02 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on FedEx, with unusual options activity indicating a price target range of $200 to $270. The current price is down -3.66% at $226.6. Analysts have mixed views, with HSBC downgrading to Buy with a $330 target, and Susquehanna upgrading to Positive with a $315 target.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests a potential downward pressure on FedEx's stock price in the short term. This is further supported by the current price drop of -3.66%. However, the mixed analyst ratings from HSBC and Susquehanna indicate uncertainty in the market, which could potentially limit the downward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100