United Parcel Service Unusual Options Activity For April 02
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) has seen significant options trading activity, with a bullish sentiment from the majority of trades. The trading range for UPS is projected between $130.0 to $160.0 over the next three months. The largest trades include both bullish and bearish sentiments, with the most notable being a bullish call sweep for a strike price of $160.00 expiring on 05/17/24. UPS is exploring strategic alternatives for its truck brokerage unit, Coyote. The stock is currently up 0.98% at $149.06, with analysts giving mixed ratings and target prices ranging from $100 to $165.
April 02, 2024 | 7:31 pm
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United Parcel Service has seen bullish options trading activity, with a significant volume aiming for a price range of $130 to $160. The company is also exploring strategic alternatives for its Coyote unit. Analysts have mixed ratings with target prices ranging from $100 to $165.
The bullish sentiment in options trading, combined with the exploration of strategic alternatives for the Coyote unit, suggests potential positive momentum for UPS. However, the wide range of analyst target prices indicates uncertainty about the stock's future direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100