Looking At Salesforce's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has seen significant options trading activity, with a mix of bullish and bearish sentiments among investors. The trading volume and open interest analysis indicate a price target range between $200 and $410. Notable trades include both calls and puts with varying sentiments and strike prices. Salesforce's current trading volume is 1,846,367, with a slight price increase of 0.26% to $277.41. Analyst ratings over the past month suggest an average target price of $351, with ratings ranging from Buy to Outperform. The company is expected to announce earnings in 35 days.
April 24, 2024 | 6:16 pm
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Salesforce has experienced notable options trading activity, indicating investor interest and potential volatility. The stock's slight increase and the analysts' average target price of $351 suggest a positive outlook, despite mixed trading sentiments.
The mix of bullish and bearish options trading activity, combined with the current slight price increase and positive analyst ratings, suggests a cautiously optimistic short-term outlook for Salesforce. The upcoming earnings announcement could be a significant catalyst for the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100