FedEx's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bullish moves on FedEx (NYSE:FDX) through options trading. Analysis shows 40% of traders are bullish, while 30% are bearish. The predicted price range for FDX is between $200.0 and $420.0. The stock is currently trading at $247.26, down by 1.91%, with an RSI indicating it may be oversold. An analyst from UBS maintains a Buy rating with a target price of $333.0.
May 23, 2024 | 4:31 pm
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Financial giants are showing bullish sentiment on FedEx through options trading, with a predicted price range of $200.0 to $420.0. The stock is currently down by 1.91% at $247.26, and an analyst from UBS maintains a Buy rating with a target price of $333.0.
The significant bullish sentiment from financial giants and the UBS Buy rating with a high target price suggest a positive short-term impact on FDX. The current oversold RSI also indicates potential for a price rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100