Behind the Scenes of Oracle's Latest Options Trends
Portfolio Pulse from Benzinga Insights
High-rolling investors have positioned themselves bearish on Oracle (NYSE:ORCL), with 74% of the options trades being bearish. This significant move often signals that someone has privileged information. The stock is currently trading at $143.42, up by 1.49%, but RSI readings suggest it may be overbought. Analysts have given it a neutral rating with an average target price of $130.6.
June 18, 2024 | 3:17 pm
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High-rolling investors have positioned themselves bearish on Oracle (NYSE:ORCL), with 74% of the options trades being bearish. This significant move often signals that someone has privileged information. The stock is currently trading at $143.42, up by 1.49%, but RSI readings suggest it may be overbought. Analysts have given it a neutral rating with an average target price of $130.6.
The significant bearish positioning by high-rolling investors suggests a negative outlook for Oracle in the short term. The stock's current overbought status and neutral analyst ratings further support this bearish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100