American Express's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
American Express (NYSE: AXP) has seen a surge in options trading, with a majority of trades being bullish. The price target for AXP is between $240 and $320, with a recent price of $260.71. An analyst from B of A Securities downgraded AXP to Neutral with a target of $263.
August 29, 2024 | 5:16 pm
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American Express has experienced significant bullish options activity, with a price target range of $240-$320. The stock is currently trading at $260.71, and an analyst has downgraded it to Neutral with a target of $263.
The majority of options trades are bullish, indicating positive sentiment among investors. The current trading price is within the target range, suggesting potential for upward movement. However, the analyst downgrade to Neutral may temper expectations.
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