Someone with a lot of money to spend has taken a bullish stance on Union Pacific (NYSE:UNP).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Union Pacific (NYSE:UNP) has outperformed the market over the past 20 years by 8.32% on an annualized basis producing an average annual return of 15.52%. Currently, Union Pacific has a market capitalization of $162.49 billion.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Airlines and cruise line stocks have had an extremely volatile couple of years since the pandemic completely shut down global travel back in 2020. Travel industries still haven't recovered to their pre-pandemic levels. In addition, ongoing supply chain issues have created extreme volatility in transportation prices among railroad, trucking and freight stocks.
Union Pacific Corporation's (NYSE:UNP) short percent of float has risen 42.86% since its last report. The company recently reported that it has 10.18 million shares sold short, which is 1.6% of all regular shares that are available for trading.