Market Whales and Their Recent Bets on UPS Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards United Parcel Service (UPS) through significant options activity, with 62% of the trades being bearish. This unusual activity suggests potential upcoming changes for UPS, which is currently trading at $128.69. An analyst from TD Cowen has downgraded UPS to Hold with a price target of $144.
August 26, 2024 | 6:45 pm
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Significant bearish options activity on UPS suggests potential upcoming changes. Currently trading at $128.69, with a downgraded Hold rating from TD Cowen and a $144 target.
The article highlights a significant bearish sentiment among large investors towards UPS, with 62% of options trades being bearish. This unusual activity often indicates potential upcoming changes. Additionally, an analyst downgrade to Hold with a $144 target adds to the negative sentiment. These factors suggest a likely short-term negative impact on UPS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100