Check Out What Whales Are Doing With CRM
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The price of CRM is up 1.02% at $213.8. Piper Sandler and RBC Capital have downgraded their actions on Salesforce with price targets of $248 and $240 respectively.
July 05, 2023 | 6:16 pm
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Salesforce (NYSE:CRM) has seen unusual options activity indicating a bearish stance by a large investor. The stock price is up 1.02% at $213.8. Analysts have downgraded their actions with lower price targets.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. Additionally, the downgrades by Piper Sandler and RBC Capital could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100