A Closer Look at Salesforce's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Salesforce (NYSE:CRM), as revealed by Benzinga's options scanner. The scanner highlighted 14 extraordinary options activities, with 42% of investors leaning bearish. The price window for Salesforce is expected to be between $230.0 to $330.0. Salesforce's stock is currently trading at $257.18, up by 1.71%. Analysts have mixed ratings with a consensus target price of $262.8.
June 28, 2024 | 2:16 pm
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Deep-pocketed investors have shown a bearish sentiment towards Salesforce (NYSE:CRM) with significant options activity. The stock is currently trading at $257.18, up by 1.71%. Analysts have mixed ratings with a consensus target price of $262.8.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests potential downward pressure on Salesforce's stock price. Despite the current uptick in stock price, the mixed analyst ratings and the bearish options activity could lead to short-term volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100