What the Options Market Tells Us About Salesforce
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Salesforce (NYSE:CRM), as observed through 29 uncommon options trades. The sentiment is split with 41% bullish and 48% bearish. The major market movers are focusing on a price range between $150.0 and $370.0 for Salesforce. The current trading volume is 1,845,289, with CRM's price at $264.08, up by 0.52%. An analyst from Piper Sandler maintains a Neutral rating with a target price of $250.
July 29, 2024 | 4:45 pm
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Investors with significant capital have taken a bearish stance on Salesforce (NYSE:CRM), as observed through 29 uncommon options trades. The sentiment is split with 41% bullish and 48% bearish. The major market movers are focusing on a price range between $150.0 and $370.0 for Salesforce. The current trading volume is 1,845,289, with CRM's price at $264.08, up by 0.52%. An analyst from Piper Sandler maintains a Neutral rating with a target price of $250.
The significant bearish sentiment from large investors, as indicated by the 29 uncommon options trades, suggests potential downward pressure on Salesforce's stock price. The split sentiment (41% bullish, 48% bearish) and the focus on a wide price range ($150.0 to $370.0) indicate uncertainty. Additionally, the analyst's Neutral rating with a target price of $250, which is below the current price of $264.08, supports a bearish outlook.
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