This Is What Whales Are Betting On Oracle
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Oracle (NYSE:ORCL), with 57% of detected trades being bearish and 42% bullish. The total amount for puts is $467,527 and for calls is $523,700. Whales have been targeting a price range from $100.0 to $110.0 for Oracle over the last 3 months. The current price of ORCL is $109.51, up 0.18%. Several financial institutions have maintained or downgraded their ratings on Oracle, with price targets ranging from $130 to $150.
October 11, 2023 | 4:46 pm
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Bearish sentiment detected in Oracle's options trades. Whales target price range $100-$110. Current price $109.51. Ratings maintained or downgraded, price targets $130-$150.
The bearish sentiment detected in Oracle's options trades, along with the maintained or downgraded ratings from financial institutions, could potentially lead to a decrease in Oracle's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100