Bearish Option Flow Detected In $UPS Stock, Barclays Lowers Price Target

  • Post category:Options Trading
  • Reading time:4 mins read
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Guerilla Stock Trading has detected bearish option flow in $UPS stock as Barclays lowers its price target.

With FedEx stock plunging last week after reporting a miss, contraction in $UPS is not surprising.

FedEx and UPS are considered bell-whether stocks for the global economy.

Bearish Option Flow In $UPS Stock

The short dated September 23, 2022, $175 put has had open interest and volume surge higher in a bearish roulette play.

Ups Stock Option

UPS price target lowered to $180 from $200 at Barclays

On September 22, 2022, Barclays analyst Brandon Oglenski lowered the firm’s price target on UPS (UPS) to $180 from $200 and keeps an Equal Weight rating on the shares. FedEx’s (FDX) execution “clearly failed investors recently, but macro read-through and global data suggest UPS is also in for a rough ride this winter,” Oglenski tells investors in a research note.

Landing a Job at UPS Just Got Easier as the Company Begins Recruiting 100,000+ Seasonal Workers

On September 7, 2022, UPS (NYSE: UPS) announced it will hire more than 100,000 seasonal employees ahead of the holiday rush. Its streamlined, digital-first process now takes just 25 minutes for most people – from filling out an online application to receiving a job offer. And nearly 80% of seasonal positions do not require an interview.

After achieving superior on-time performance during last year’s peak holiday season – topping its two major competitors for a third consecutive year – the company is again gearing up to meet customer needs.

The company is filling full- and part-time seasonal positions – primarily seasonal delivery and CDL drivers, package handlers, and driver helpers – by offering competitive wages across multiple shifts in hundreds of locations across the country. Permanent positions also are available in some areas for those who apply early.

“We have made our hiring process as simple and easy as possible,” said Nando Cesarone, Executive Vice President and President, U.S. Operations. “UPS’s strength has always been our people, and we are excited about the opportunity to welcome new UPSers to our team as we deliver what matters for our customers this holiday season.”

And seasonal opportunities are a proven pathway to a career at UPS – nearly 35,000 seasonal employees earned permanent positions following the 2021 holidays. UPS creates jobs that pay industry-leading wages and benefits, and rewards people who stay. A full-time UPS package delivery driver makes an average of $95,000 per year, plus an additional $50,000 in contributions to health, wellness and pension benefits.

$UPS Chart Technical Analysis

$UPS stock is in a technical downtrend rating. The stock is on a triple bottom test and looks to break through support.

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