Oracle Unusual Options Activity For October 31
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Oracle (NYSE:ORCL) as evidenced by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $70.0 to $125.0 for Oracle over the last 3 months. Evercore ISI Group upgraded its action to Outperform with a price target of $135, while Morgan Stanley maintained their Equal-Weight rating with a price target of $107.
October 31, 2023 | 5:47 pm
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Oracle has seen unusual options activity with a significant bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. Evercore ISI Group upgraded its action to Outperform with a price target of $135, while Morgan Stanley maintained their Equal-Weight rating with a price target of $107.
The unusual options activity indicates that there is significant interest in Oracle's stock, which could potentially drive the price up. The bullish stance taken by big-money traders suggests optimism about the company's future performance. Additionally, the upgrades from Evercore ISI Group and Morgan Stanley further support this bullish sentiment.
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