Unpacking the Latest Options Trading Trends in Salesforce
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Salesforce (NYSE:CRM), with significant options trading activity indicating potential price movements. The general sentiment is divided, with 41% bullish and 55% bearish. The trading activity suggests a price target range of $200 to $280 for Salesforce over the next three months.
June 10, 2024 | 3:46 pm
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Deep-pocketed investors have adopted a bearish approach towards Salesforce (NYSE:CRM), with significant options trading activity indicating potential price movements. The general sentiment is divided, with 41% bullish and 55% bearish. The trading activity suggests a price target range of $200 to $280 for Salesforce over the next three months.
The significant bearish sentiment among deep-pocketed investors, as indicated by the options trading activity, suggests potential downward pressure on Salesforce's stock price in the short term. The divided sentiment and substantial trading volumes further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100