This Is What Whales Are Betting On FedEx
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on FedEx (NYSE:FDX) with 57% of options trades being bearish. The stock is currently trading at $292.52, up 2.14%, and analysts have set an average target price of $336.33. The anticipated earnings release is in 3 days.
September 16, 2024 | 6:45 pm
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FedEx is experiencing a bearish sentiment from large investors, with 57% of options trades being bearish. The stock is currently trading at $292.52, up 2.14%. Analysts have set an average target price of $336.33, and the earnings release is in 3 days.
The majority of options trades are bearish, indicating a negative short-term outlook. Despite a recent price increase, the bearish sentiment from large investors suggests potential downward pressure. Analysts' target prices are higher, but the upcoming earnings release could impact the stock's direction.
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