Decoding Salesforce's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Significant options activity has been detected for Salesforce (NYSE:CRM), with a noticeable bearish stance among large investors. Out of 12 trades, 50% were bearish and 41% bullish. The trades include 5 puts totaling $470,393 and 7 calls totaling $297,299. Analysts have mixed ratings with price targets ranging from $230 to $350.
June 18, 2024 | 4:31 pm
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Salesforce has seen significant options activity with a bearish trend among large investors. Analysts have mixed ratings with price targets ranging from $230 to $350.
The majority of the options trades detected for Salesforce are bearish, indicating a negative sentiment among large investors. This, combined with mixed analyst ratings, suggests potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100