Looking At Salesforce's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has seen unusual options activity, with a majority of investors taking a bearish stance. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for the 6 puts was $558,816 and for the 4 calls was $249,735. Whales have been targeting a price range from $165.0 to $300.0 for Salesforce over the last 3 months. The company's stock price is currently down -0.31% at $201.37. Truist Securities and Piper Sandler have downgraded their actions to Buy and Neutral respectively.
October 24, 2023 | 5:15 pm
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Salesforce has seen unusual options activity, with a majority of investors taking a bearish stance. The company's stock price is currently down -0.31% at $201.37. Truist Securities and Piper Sandler have downgraded their actions to Buy and Neutral respectively.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the stock price down in the short term. Additionally, the downgrades from Truist Securities and Piper Sandler could also negatively impact the stock price.
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IMPORTANCE 80
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