Check Out What Whales Are Doing With ORCL
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Oracle (NYSE:ORCL) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 52% bullish and 47% bearish. The whales have been targeting a price range from $105.0 to $130.0 for Oracle over the last 3 months. Piper Sandler has downgraded its action to Overweight with a price target of $130.
August 14, 2023 | 4:01 pm
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A large investor has taken a bullish stance on Oracle, with a targeted price range of $105-$130. Piper Sandler has downgraded its action to Overweight with a price target of $130.
The news of a large investor taking a bullish stance on Oracle, along with the targeted price range and Piper Sandler's downgrade to Overweight, indicates a positive short-term impact on the company's stock. The large position in options and the targeted price range suggest that there is significant confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100