Check Out What Whales Are Doing With ORCL
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Oracle (NYSE:ORCL), with 57% of recent trades being bearish and 42% bullish. The total amount for puts is $1,273,872 and for calls is $335,385. Whales have been targeting a price range from $105.0 to $130.0 for Oracle over the last 3 months. The current price of ORCL is $117.54, down 0.25%. Analysts from Citigroup, Evercore ISI Group, Goldman Sachs, Barclays, and UBS have maintained neutral ratings on Oracle, with price targets ranging from $106 to $120.
June 28, 2023 | 5:03 pm
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NEGATIVE IMPACT
Oracle has seen a significant number of bearish trades recently, with a higher total amount for puts than calls. The current price is $117.54, down 0.25%. Analysts have maintained neutral ratings on the stock, with price targets ranging from $106 to $120.
The bearish sentiment among investors, indicated by the higher number of puts and the higher total amount for puts, suggests a potential downward pressure on Oracle's stock price in the short term. The neutral ratings from analysts also indicate a lack of strong positive catalysts for the stock. Therefore, the score is -1, indicating a likely downward direction for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100