Decoding United Parcel Service's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment towards United Parcel Service (NYSE:UPS) through significant options activity. Benzinga's options scanner identified 9 trades, with a mix of bullish and bearish sentiments. The stock is currently down 1.31% at $134.64, and analysts have an average target price of $156.0.
June 13, 2024 | 5:01 pm
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High-rolling investors have shown a bearish sentiment towards United Parcel Service (NYSE:UPS) through significant options activity. The stock is currently down 1.31% at $134.64, and analysts have an average target price of $156.0.
The significant bearish sentiment from high-rolling investors, as indicated by the options activity, suggests a potential short-term downward pressure on UPS stock. The stock is already down 1.31%, and the mixed sentiment among traders further supports a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100