Oracle Unusual Options Activity For July 03
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Oracle (NYSE:ORCL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The targeted price range for Oracle over the last 3 months has been $97.5 to $150.0. Oracle's current price is down 1.81% at $116.94. Several financial institutions have maintained or upgraded their ratings on Oracle, with price targets ranging from $120 to $150.
July 03, 2023 | 3:21 pm
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Oracle has seen unusual options activity with a significant bearish sentiment. The stock's price is currently down, and price targets from various institutions range from $120 to $150.
The bearish sentiment indicated by the unusual options activity suggests that the investor expects Oracle's stock price to decrease. This, combined with the current decrease in stock price, could potentially lead to a short-term negative impact on the stock. However, the maintained and upgraded ratings from financial institutions, along with their price targets, suggest a potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100