This Is What Whales Are Betting On Salesforce
Portfolio Pulse from Benzinga Insights
A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 72% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $65.0 to $237.5 for Salesforce over the last 3 months.
May 23, 2023 | 4:02 pm
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A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 72% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $65.0 to $237.5 for Salesforce over the last 3 months.
The article highlights a large bearish position on Salesforce, with 72% of big-money traders showing bearish sentiment. This indicates that there is a significant amount of money betting on the stock price to go down in the short term. Additionally, the targeted price range of $65.0 to $237.5 suggests that there is potential for the stock price to decrease. This information, combined with the fact that the stock may be approaching overbought territory according to RSI indicators, leads to a negative short-term impact on the stock price.
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