Decoding United Parcel Service's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for United Parcel Service (UPS) shows a predominantly bearish sentiment among large investors, with 66% of trades being bearish. The stock is currently trading at $131.46, with a slight increase of 0.1%. Analysts have mixed ratings, with price targets ranging from $120 to $162. UPS is also exploring strategic alternatives for its truck brokerage unit, Coyote.
October 22, 2024 | 3:01 pm
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United Parcel Service (UPS) is experiencing a bearish sentiment in options trading, with 66% of trades being bearish. The stock is slightly up at $131.46. Analysts have mixed ratings, with price targets from $120 to $162. UPS is exploring strategic alternatives for its Coyote unit.
The options activity indicates a bearish sentiment, which could lead to short-term downward pressure on UPS's stock price. The mixed analyst ratings and strategic review of the Coyote unit add to the uncertainty. However, the stock's slight increase and high price targets from some analysts provide a counterbalance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100