Behind the Scenes of Oracle's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Oracle (NYSE:ORCL) shows a bearish sentiment among big-money investors, with 62% of trades being puts. The trading volume and open interest indicate significant interest in strike prices between $125 and $150. Despite this, an analyst from Piper Sandler maintains an Overweight rating with a target price of $150.
July 26, 2024 | 6:00 pm
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Recent options trading activity for Oracle shows a bearish sentiment among big-money investors, with 62% of trades being puts. This could indicate a potential short-term decline in ORCL's stock price. However, an analyst from Piper Sandler maintains an Overweight rating with a target price of $150.
The significant bearish sentiment among big-money investors, as indicated by the high volume of put options, suggests a potential short-term decline in Oracle's stock price. However, the Overweight rating and $150 target price from Piper Sandler provide a counterbalance, indicating some positive long-term outlook.
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