Smart Money Is Betting Big In UNP Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a bearish stance on Union Pacific (NYSE:UNP) through significant options trading activity, with 75% of the trades being bearish. Benzinga's options scanner revealed 8 unusual trades, indicating a price target range of $230 to $250 for UNP over the next three months. The largest trades included both puts and calls, with a notable lean towards puts. Union Pacific, a major railroad operator in North America, saw its stock price slightly down at $240.69, with an RSI indicating it may be approaching oversold territory. An analyst from Susquehanna maintains a Neutral rating with a price target of $255.
April 04, 2024 | 8:31 pm
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Smart money investors are heavily betting against Union Pacific with a bearish outlook, as indicated by a significant amount of put options. The stock is currently experiencing a slight decline, with potential oversold conditions. An analyst maintains a Neutral stance with a $255 price target.
The bearish sentiment among significant investors, as evidenced by the predominance of put options, suggests a short-term downward pressure on UNP's stock price. The current slight decline and the RSI hinting at oversold conditions may further impact investor sentiment. However, the maintained Neutral rating and the $255 price target by an analyst could provide some support to the stock price.
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