Oracle Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Oracle (NYSE:ORCL) has been spotted, with 68% of big-money traders being bearish. The price range targeted by these traders for Oracle over the last 3 months is $72.5 to $110.0. Jefferies maintains a Buy rating on Oracle with a price target of $125.
June 05, 2023 | 4:46 pm
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Oracle has seen a large bearish position, with 68% of big-money traders being bearish. The targeted price range is $72.5 to $110.0. Jefferies maintains a Buy rating with a $125 price target.
The large bearish position indicates that big-money traders expect Oracle's stock price to decline in the short term. This could be due to various factors such as market sentiment, technical indicators, or upcoming news. However, Jefferies maintains a Buy rating with a $125 price target, suggesting a potential upside in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100