Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 14 trades reveals 57% bearish and 28% bullish expectations. The trades include 6 puts totaling $430,816 and 8 calls totaling $272,404, targeting a price range of $220 to $350. Current trading volume is 1,448,284 with a price increase of 1.25% to $275.54. RSI suggests potential oversold status, with earnings expected in 26 days. Expert opinions vary, with an average target price of $340.4, though some analysts have downgraded their ratings.

May 03, 2024 | 4:30 pm
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NEUTRAL IMPACT
Salesforce's bearish options activity contrasts with its slight price increase and varied analyst ratings, indicating mixed market perceptions.
The bearish sentiment in options trading, combined with the current price increase and upcoming earnings, suggests uncertainty. Analyst downgrades and a wide target price range further contribute to a neutral short-term outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100