Salesforce Unusual Options Activity
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 split between 36% bullish and 63% bearish. The whales have been targeting a price range from $180.0 to $260.0 for Salesforce over the last 3 months. Currently, the price of CRM is down -1.88% at $207.74. Analysts from Mizuho, Morgan Stanley, and Citigroup have maintained their Buy, Equal-Weight, and Neutral ratings on Salesforce respectively.
August 29, 2023 | 1:46 pm
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NEGATIVE IMPACT
Salesforce has seen unusual options activity with a significant bearish stance. The stock price is currently down -1.88% at $207.74. Analysts have maintained their ratings on the stock.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential downward pressure on Salesforce's stock price in the short term. This is further supported by the current decrease in the stock price. However, the maintained ratings from analysts suggest a level of stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100