What the Options Market Tells Us About FedEx
Portfolio Pulse from Benzinga Insights
Financial giants have made a bullish move on FedEx (NYSE:FDX) with 21 unusual options trades. 57% of traders were bullish, focusing on a price range between $170.0 and $370.0. The stock is currently down 1.29% at $245.41, with RSI indicators hinting at an oversold condition. Analysts have an average target price of $314.5.
June 04, 2024 | 8:01 pm
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Financial giants have shown a bullish sentiment on FedEx with 21 unusual options trades. The stock is currently down 1.29% at $245.41, with RSI indicators hinting at an oversold condition. Analysts have an average target price of $314.5.
The article highlights a significant bullish sentiment from financial giants through unusual options trades. The current stock price is down, but RSI indicators suggest it may be oversold, indicating a potential rebound. Analysts' average target price is significantly higher than the current price, supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100