This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards American Express (NYSE:AXP) with significant options activity. The majority of the options are puts, indicating a potential price movement. Analysts have a neutral outlook with a price target of $263.
September 11, 2024 | 1:48 pm
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Significant bearish options activity on American Express suggests potential price movement. Majority of options are puts, indicating a bearish sentiment. Analysts have a neutral outlook with a price target of $263.
The article highlights a significant bearish sentiment among large investors towards AXP, with 55% of options activity being bearish puts. This suggests a potential downward pressure on the stock price. Additionally, the recent analyst downgrade to Neutral with a price target of $263 supports a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100