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 overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $170.0 to $300.0 for Salesforce over the last 3 months. The price of CRM is currently down -1.04% at $219.36. Several experts have maintained their Buy or Outperform ratings on Salesforce, with price targets ranging from $250 to $275.
September 13, 2023 | 4:31 pm
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Unusual options activity indicates a significant bearish stance on Salesforce. The price of CRM is currently down -1.04% at $219.36. Analysts maintain Buy or Outperform ratings with price targets from $250 to $275.
The unusual options activity, with a bearish stance from a large investor, indicates a potential negative impact on Salesforce's stock price in the short term. However, several analysts have maintained their Buy or Outperform ratings on the company, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100