This Is What Whales Are Betting On Oracle
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Oracle (NYSE:ORCL), with 66% of spotted trades being bearish. The whales have been targeting a price range from $90.0 to $175.0 for Oracle over the last 3 months. The price of ORCL is up 2.52% at $123.98, and RSI indicators suggest it may be approaching overbought. UBS and Barclays have upgraded their actions to Buy and Overweight respectively, with price targets of $140 and $150.
September 05, 2023 | 8:30 pm
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Oracle has seen significant bearish activity from large investors, with a target price range of $90-$175. The stock is currently up 2.52% at $123.98. UBS and Barclays have upgraded their ratings with price targets of $140 and $150 respectively.
The bearish stance taken by large investors suggests a potential downward pressure on Oracle's stock price in the short term. However, the upgrades from UBS and Barclays could provide some upward momentum. The current price is within the targeted range, but the RSI indicators suggest it may be overbought, which could lead to a price correction.
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IMPORTANCE 80
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