Decoding Salesforce's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Salesforce (NYSE:CRM) shows a mixed sentiment among investors, with a notable amount of bullish trades. The trading volumes and open interest suggest a focus on a price range between $120 and $270. Salesforce's stock is currently up by 0.74%, trading at $240.78, with an upcoming earnings report in 22 days. An analyst from Piper Sandler maintains a Neutral rating with a target price of $250.
August 06, 2024 | 2:45 pm
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Recent options activity for Salesforce indicates mixed sentiment but leans bullish. The stock is currently up by 0.74%, trading at $240.78. Piper Sandler maintains a Neutral rating with a target price of $250. The next earnings report is in 22 days.
The mixed sentiment in options activity, with a slight bullish tilt, combined with the stock's current upward movement and a maintained Neutral rating with a $250 target, suggests a positive short-term outlook. The upcoming earnings report could further influence the stock price.
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