Market Whales and Their Recent Bets on ORCL Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Oracle (NYSE:ORCL) options, with a notable division in sentiment: 54% bullish and 45% bearish. Benzinga's tracking revealed 11 extraordinary options activities, with a price target range from $110.0 to $130.0. The largest trades include both calls and puts with expiration dates ranging from 2024 to 2025. Oracle's current market status shows a slight decrease in stock price to $119.48, with an RSI indicating potential oversold conditions. An analyst from Keybanc has set a price target of $150, adjusting the rating to Overweight.
April 17, 2024 | 6:01 pm
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Oracle sees bullish options activity with a price target range of $110-$130, amidst a slight stock price decrease to $119.48. Keybanc analyst sets a $150 price target.
The bullish sentiment from significant investors, combined with the current oversold conditions and the analyst's optimistic price target, suggests a positive short-term outlook for ORCL. However, the mixed sentiment in options and the recent price dip introduce some uncertainty, moderating the confidence level.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100