This Is What Whales Are Betting On American Express
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards American Express (NYSE:AXP) with significant options activity. 71% of the options activity is bullish, focusing on a price range of $140 to $320. The stock is currently up 0.88% at $271.35, with RSI indicators suggesting it may be overbought. An analyst from B of A Securities maintains a Neutral rating with a price target of $265.
September 23, 2024 | 2:31 pm
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American Express sees significant bullish options activity, with 71% of trades being bullish. The stock is currently trading at $271.35, slightly above the analyst target of $265. RSI indicators suggest potential overbought conditions.
The significant bullish options activity suggests investor confidence in AXP's short-term performance. The stock's current price is above the analyst target, indicating potential overvaluation, but the bullish sentiment could drive prices higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100