Smart Money Is Betting Big In CRM Options
Portfolio Pulse from Benzinga Insights
Investors are taking a bearish stance on Salesforce (CRM) with 75% of recent large options trades being puts. The price target is between $200 and $290. Salesforce's stock is down 0.47% at $244.6, and analysts have mixed ratings with a consensus target price of $290.8.
September 10, 2024 | 5:15 pm
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Salesforce (CRM) is seeing a bearish sentiment from large investors, with 75% of recent options trades being puts. The stock is currently priced at $244.6, with a consensus analyst target of $290.8. This bearish options activity could indicate a potential short-term price decline.
The significant bearish options activity, with 75% of trades being puts, suggests that large investors expect a decline in Salesforce's stock price. The current price is $244.6, and the analyst consensus target is $290.8, indicating potential downside risk in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100