This Is What Whales Are Betting On Oracle
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Oracle (NYSE:ORCL), with options trading analysis revealing 57% bearishness among traders. The trading activity indicates a price target range of $95.0 to $140.0 for Oracle. Notable options activity includes both bullish and bearish positions, with a significant bearish call trade for a strike price of $120.00 expiring on 07/19/24. Oracle's current market position shows a slight decrease in stock price to $113.75, with neutral RSI indicators and upcoming earnings in 11 days.
March 04, 2024 | 6:32 pm
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NEUTRAL IMPACT
Oracle has seen a bearish sentiment in options trading, with a significant portion of traders betting against the stock. The current market performance shows a slight decrease in stock price, with neutral RSI indicators suggesting a balanced market perception. Upcoming earnings could be a critical factor for the stock's short-term movement.
The bearish sentiment in options trading, combined with the current neutral market indicators (RSI) and the proximity to the earnings release, suggests a cautious outlook for Oracle's stock in the short term. However, the actual impact will heavily depend on the forthcoming earnings report and market reaction to the same.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100