Looking At Oracle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Oracle (NYSE:ORCL), with a split sentiment of 50% bullish and 50% bearish. The options trades have targeted a price range of $100 to $155 for Oracle over the last three months. Piper Sandler has downgraded its action to Overweight with a price target of $130.
August 04, 2023 | 11:37 am
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NEUTRAL IMPACT
Oracle has seen significant unusual options activity, indicating potential volatility in the short term. Piper Sandler has downgraded its action to Overweight with a price target of $130.
The unusual options activity indicates that there is a split sentiment among traders, which could lead to increased volatility in the short term. The downgrade by Piper Sandler could also impact the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100