Looking At American Express's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on American Express (NYSE:AXP) indicates a bearish sentiment among big-money traders, with a split of 33% bullish and 66% bearish. The activity focuses on a price band between $140.0 and $240.0. Current market data shows AXP's price at $205.66, with a slight decrease of -0.36%. Expert opinions vary, with a consensus target price of $206.0, and ratings ranging from Underperform to Outperform.
February 05, 2024 | 7:16 pm
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NEGATIVE IMPACT
Bearish options activity and a mixed expert consensus may create short-term volatility in AXP's stock price, with a slight negative bias due to the bearish sentiment.
The bearish sentiment from unusual options activity, combined with a diverse range of analyst ratings, suggests that investors are divided on AXP's short-term direction. The current price is close to the consensus target, indicating limited upside potential and possibly more downside risk.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100