Salesforce Unusual Options Activity For September 05
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Salesforce (NYSE:CRM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $180.0 to $300.0 for Salesforce over the last 3 months. The price of CRM is currently down -1.07% at $219.16. Several financial institutions have maintained their positive ratings on Salesforce, with price targets ranging from $220 to $280.

September 05, 2023 | 6:16 pm
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Salesforce has seen unusual options activity with a bearish tilt. The current price is down -1.07% at $219.16. Several financial institutions have maintained their positive ratings on Salesforce.
The unusual options activity, particularly the bearish tilt, indicates that there may be a negative sentiment among big-money traders towards Salesforce. This could potentially lead to a decrease in the stock price in the short term. However, the positive ratings maintained by several financial institutions suggest that the company's fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100