This Is What Whales Are Betting On Salesforce
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 sentiment among these big-money traders is 29% bullish and 70% bearish. The whales have been targeting a price range from $140.0 to $300.0 for Salesforce over the last 3 months. Morgan Stanley has downgraded Salesforce to Equal-Weight with a price target of $278, while Mizuho maintains a Buy rating with a price target of $250-$260.
August 17, 2023 | 8:30 pm
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A large investor has taken a bearish stance on Salesforce, which could potentially impact the stock's price.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially lead to a decrease in Salesforce's stock price. This is further supported by the fact that the sentiment among these big-money traders is largely bearish (70%). Additionally, Morgan Stanley's downgrade of Salesforce could also negatively impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100