Salesforce's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Salesforce (NYSE:CRM) as indicated by recent options trades. Benzinga's options scanner identified 14 unusual trades, with 64% being bearish. The trades suggest a targeted price range of $210 to $280 for Salesforce. The stock is currently down 1.57% at $261.81, with a neutral RSI. Analysts have mixed ratings, with target prices ranging from $268 to $305.
September 20, 2024 | 3:30 pm
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Salesforce (CRM) is experiencing a bearish sentiment from investors, as indicated by recent options trades. The stock is currently down 1.57% at $261.81. Analysts have mixed ratings, with target prices ranging from $268 to $305.
The article highlights a significant bearish sentiment among investors, as evidenced by the options trades. The stock's current decline and mixed analyst ratings further support a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100