United Parcel Service Unusual Options Activity For May 06
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) has seen significant options activity, indicating mixed investor sentiment. Analysis of 9 trades shows an even split between bullish and bearish expectations, with notable trades in both calls and puts. The options activity suggests a price band focus between $85.0 and $180.0. UPS is the world's largest parcel delivery company, exploring strategic alternatives for its Coyote unit. Currently, UPS's stock is slightly down at $146.32, with neutral RSI readings. Analysts have set an average price target of $159.4, with ratings ranging from Neutral to Buy.
May 06, 2024 | 8:31 pm
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Significant options activity and analyst ratings suggest mixed sentiment but potential upside. UPS explores strategic options for Coyote, indicating potential shifts in business strategy.
The balanced options activity reflects investor uncertainty, yet the focus on a higher price band and positive analyst ratings suggest potential for short-term upside. Strategic considerations for the Coyote unit could further influence UPS's stock, depending on the outcome of these explorations.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100