Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has seen unusual options activity, with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades include 6 puts totaling $251,340 and 4 calls totaling $4,450,325. The targeted price range for Salesforce over the last 3 months is from $160.0 to $230.0. Truist Securities and Piper Sandler have downgraded their actions to Buy and Neutral respectively, with price targets of $275 and $232.
November 01, 2023 | 6:01 pm
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NEUTRAL IMPACT
Salesforce has seen unusual options activity with a large bullish position. The sentiment among these traders is split 50% bullish and 50% bearish. Truist Securities and Piper Sandler have downgraded their actions with price targets of $275 and $232.
The unusual options activity indicates that there is significant interest in Salesforce's stock, which could lead to increased volatility. The split sentiment among big-money traders suggests uncertainty about the company's future performance. The downgrades by Truist Securities and Piper Sandler could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100