Oracle Unusual Options Activity For November 07
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Oracle (NYSE:ORCL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The significant investors are aiming for a price territory stretching from $80.0 to $150.0 for Oracle over the recent three months. Evercore ISI Group has upgraded its rating to Outperform with a revised price target of $135, while Morgan Stanley maintains their Equal-Weight rating with a price target of $107.
November 07, 2023 | 8:31 pm
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Oracle has seen unusual options activity with a significant bearish stance. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. Analysts have mixed views with Evercore ISI Group upgrading its rating to Outperform and Morgan Stanley maintaining their Equal-Weight rating.
The unusual options activity indicates that a large investor has taken a bearish stance on Oracle. This could potentially lead to a decrease in the stock price in the short term. The mixed analyst ratings further add to the uncertainty around the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100