Union Pacific's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Union Pacific (NYSE:UNP) has seen a surge in bearish options activity, with 66% of trades showing bearish sentiment. The stock is currently trading at $248.5, up 1.1%, but analysts have mixed ratings with price targets ranging from $247 to $275. The anticipated earnings release is in 8 days.
October 16, 2024 | 8:01 pm
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Union Pacific has experienced a notable increase in bearish options activity, with 66% of trades showing bearish sentiment. The stock is currently trading at $248.5, up 1.1%. Analysts have mixed ratings, with price targets ranging from $247 to $275. The anticipated earnings release is in 8 days.
The significant bearish sentiment in options trading suggests a potential short-term decline in Union Pacific's stock price. Despite the current price increase, the mixed analyst ratings and the upcoming earnings release add uncertainty to the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100