American Express Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Whales are showing a bullish stance on American Express (NYSE:AXP) with significant options activity. 43% of trades are bullish, targeting a price range of $220 to $330. The stock is currently priced at $266.28, with analysts maintaining a neutral rating and a target price of $265.
September 25, 2024 | 5:15 pm
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American Express sees bullish options activity with whales targeting a price range of $220 to $330. Current stock price is $266.28, slightly above the average analyst target of $265. RSI indicates potential overbought conditions.
The significant bullish options activity suggests investor confidence in AXP's potential price increase. The current stock price is slightly above the analyst target, indicating a potential short-term upward movement. However, RSI suggests caution as the stock may be overbought.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100