This Is What Whales Are Betting On Salesforce
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Salesforce (NYSE:CRM) based on recent options activity. Benzinga's options scanner highlighted 11 significant options trades, with 45% of the sentiment being bearish. The trading volume for CRM is down by 0.25%, and the stock is approaching overbought territory.
July 02, 2024 | 3:46 pm
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Deep-pocketed investors are showing a bearish sentiment towards Salesforce (NYSE:CRM) based on recent options activity. Benzinga's options scanner highlighted 11 significant options trades, with 45% of the sentiment being bearish. The trading volume for CRM is down by 0.25%, and the stock is approaching overbought territory.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term decline in Salesforce's stock price. The stock is also nearing overbought territory, which could lead to a price correction.
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