Market Whales and Their Recent Bets on AXP Options
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bullish stance on American Express (NYSE:AXP) through significant options trades. Benzinga's options scanner identified 9 uncommon options trades, with a mix of bullish and bearish sentiments. The major market movers are focusing on a price band between $230.0 and $290.0 for AXP. The stock is currently trading at $238.28, up by 1.2%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings on AXP, with target prices ranging from $205 to $263.
May 24, 2024 | 7:21 pm
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Wealthy investors have taken a bullish stance on American Express (NYSE:AXP) through significant options trades. The major market movers are focusing on a price band between $230.0 and $290.0. The stock is currently trading at $238.28, up by 1.2%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings on AXP, with target prices ranging from $205 to $263.
The significant options trades by wealthy investors indicate a bullish sentiment towards AXP. The focus on a price range of $230-$290 suggests expectations of upward movement. The current stock price increase and RSI nearing overbought territory support this bullish outlook. Mixed analyst ratings provide a balanced view but do not negate the overall positive sentiment from the options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100