Spotlight on FedEx: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a significant interest in FedEx (NYSE:FDX) options, with an equal split between bullish and bearish sentiments. Benzinga's options scanner revealed 10 extraordinary activities, indicating a targeted price range of $220.0 to $300.0 for FedEx over the last 3 months. The largest trades include both puts and calls with varying sentiments and strike prices. FedEx's current market position shows a slight decline in stock price with an RSI indicating potential overbought conditions. Analysts from Morgan Stanley maintain an Equal-Weight rating with a target price of $195.0.
March 04, 2024 | 7:32 pm
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NEUTRAL IMPACT
FedEx has seen a surge in options activity with a balanced mix of bullish and bearish sentiments, indicating potential volatility. Current market performance shows a slight decline, and analyst ratings suggest a cautious approach with an Equal-Weight rating and a target price of $195.0.
The surge in options activity, especially with an equal split between bullish and bearish sentiments, suggests potential volatility in the short term. However, the current market performance and analyst ratings indicate a more cautious outlook, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100