Looking At FedEx's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for FedEx (NYSE:FDX) shows a bullish stance among large investors, with 64% of trades being bullish. The price target for these options ranges from $235 to $330. FedEx's stock is currently down by 2.1% at $248.62, with an RSI indicating it may be approaching oversold territory. Analysts have set a consensus target price of $314.5, with ratings from JP Morgan (Neutral, $296) and UBS (Buy, $333).
June 03, 2024 | 8:15 pm
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Recent options activity for FedEx shows a bullish stance among large investors, with 64% of trades being bullish. The price target for these options ranges from $235 to $330. FedEx's stock is currently down by 2.1% at $248.62, with an RSI indicating it may be approaching oversold territory. Analysts have set a consensus target price of $314.5, with ratings from JP Morgan (Neutral, $296) and UBS (Buy, $333).
The majority of options trades are bullish, indicating positive sentiment among large investors. The stock is currently down, but the RSI suggests it may be oversold, potentially leading to a rebound. Analysts' target prices are significantly higher than the current price, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100