FedEx Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards FedEx (NYSE:FDX) through significant options trading activities. Benzinga's options scanner highlighted 24 extraordinary options activities, with 50% of the sentiment being bearish. The price range eyed by these investors is between $230.0 and $310.0. FedEx's current stock price is $249.34, up by 1.18%, with an anticipated earnings release in 8 days. Analysts have mixed ratings, with price targets ranging from $275 to $333.
June 17, 2024 | 6:01 pm
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Deep-pocketed investors have shown a bearish sentiment towards FedEx (NYSE:FDX) through significant options trading activities. Benzinga's options scanner highlighted 24 extraordinary options activities, with 50% of the sentiment being bearish. The price range eyed by these investors is between $230.0 and $310.0. FedEx's current stock price is $249.34, up by 1.18%, with an anticipated earnings release in 8 days. Analysts have mixed ratings, with price targets ranging from $275 to $333.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options trading activities, suggests a potential short-term decline in FedEx's stock price. The mixed analyst ratings and the upcoming earnings release add to the uncertainty, making the short-term outlook more bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100