Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Salesforce (NYSE:CRM), with a majority of investors taking a bullish stance. The price range targeted by these investors over the last three months is $190.0 to $330.0. The current price of CRM is up 1.05% at $223.5. Several financial institutions have given their ratings and price targets for Salesforce, with most maintaining a positive outlook.
July 12, 2023 | 4:49 pm
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Salesforce has seen unusual options activity, with a majority of investors taking a bullish stance. The price range targeted by these investors over the last three months is $190.0 to $330.0. The current price of CRM is up 1.05% at $223.5.
The unusual options activity indicates that a significant number of investors are betting on the price of Salesforce's stock to rise. This bullish sentiment, coupled with the current upward trend in the stock's price, suggests a positive short-term impact on the stock. However, the wide range of targeted prices indicates some uncertainty about the extent of the potential price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100