Check Out What Whales Are Doing With CRM
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $65.0 to $220.0 for Salesforce over the last 3 months. The price of CRM is currently down -2.41% at $203.3. JMP Securities and Truist Securities have downgraded their actions with a price target of $275.
October 20, 2023 | 3:30 pm
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A large investor has taken a bearish stance on Salesforce, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor, as indicated by the options trading activity, suggests that there may be downward pressure on Salesforce's stock in the short term. This is further supported by the fact that the overall sentiment among big-money traders is more bearish than bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100