Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Salesforce (NYSE:CRM) options, with 87% of investors taking a bearish stance and 12% bullish. The majority of trades are puts, with a total amount of $697,470, compared to $504,995 in calls. Whales have been targeting a price range from $180.0 to $240.0 for Salesforce over the last 3 months. The current price of CRM is down -2.43% at $206.44. Analysts have mixed ratings on Salesforce, with price targets ranging from $240 to $278.
August 09, 2023 | 3:31 pm
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Salesforce has seen a significant number of bearish trades in its options, with a majority of investors taking a bearish stance. The current price of CRM is down -2.43% at $206.44. Analysts have mixed ratings on Salesforce.
The bearish stance observed in Salesforce options indicates a negative sentiment among investors, which could potentially drive the stock price down in the short term. The current price drop of -2.43% further supports this. However, the mixed analyst ratings suggest some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100