Salesforce's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among big money traders on Salesforce (NYSE:CRM), with 75% showing bearish tendencies in recent options trades. The analysis of options history showed 8 unusual trades, with a price window from $175.0 to $290.0 predicted for Salesforce. The largest trades included both bullish and neutral sentiments, with significant investments in calls and puts. Salesforce's stock is currently up 0.59% at $290.55, but RSI indicators suggest it may be overbought. Analyst ratings in the last month have an average target price of $301.0, with varying opinions on the stock's future performance.
February 08, 2024 | 3:31 pm
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Salesforce shows a bearish sentiment among traders with 75% bearish options trades. Stock is currently up, but RSI suggests overbought conditions. Analysts have a positive outlook with an average target price of $301.0.
The bearish sentiment from options traders contrasts with the current stock performance and analyst optimism, creating a mixed short-term outlook. The overbought RSI indicators could suggest a potential price correction, while analyst ratings indicate underlying strength in the company's fundamentals.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100