Salesforce's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown significant bearish interest in Salesforce (NYSE:CRM) through options trading, with a notable increase in both call and put volumes. The sentiment is mixed, with 40% bullish and 45% bearish. The stock is currently trading at $255.0, up by 2.09%, but RSI readings suggest it may be approaching overbought territory. Analysts have a consensus target price of $250.0.
July 25, 2024 | 6:16 pm
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NEUTRAL IMPACT
Salesforce has seen a significant increase in options trading activity, with a mixed sentiment among investors. The stock is currently trading at $255.0, up by 2.09%, but RSI readings suggest it may be approaching overbought territory. Analysts have a consensus target price of $250.0.
The significant increase in options trading activity indicates heightened interest and potential volatility in Salesforce's stock. The mixed sentiment among investors and the current price being close to the analysts' target suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100