What the Options Market Tells Us About United Parcel Service
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards United Parcel Service (NYSE:UPS) based on recent options market activity. Benzinga's options scanner highlighted 11 significant options activities, with 54% of the trades being bearish. The trading activity suggests a price range of $120.0 to $150.0 for UPS over the next three months. UPS is currently trading at $130.21, down by 0.12%. Analysts have mixed ratings with an average price target of $146.8.
August 01, 2024 | 8:32 pm
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Deep-pocketed investors have shown a bearish sentiment towards United Parcel Service (NYSE:UPS) based on recent options market activity. Benzinga's options scanner highlighted 11 significant options activities, with 54% of the trades being bearish. The trading activity suggests a price range of $120.0 to $150.0 for UPS over the next three months. UPS is currently trading at $130.21, down by 0.12%. Analysts have mixed ratings with an average price target of $146.8.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options market activity, suggests potential downward pressure on UPS's stock price in the short term. The mixed analyst ratings and the current trading price being down by 0.12% further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100