A Closer Look at Salesforce's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has seen significant options market activity, with a notable bearish sentiment among large investors. Benzinga's options scanner identified 8 unusual trades, with 25% bullish and 50% bearish sentiment. The trades suggest a price target range of $250 to $340. Salesforce's stock is currently down 1.09% at $288.39, with RSI indicators suggesting it may be overbought.
October 09, 2024 | 2:17 pm
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Salesforce's options market shows unusual activity with a bearish sentiment from large investors. The stock is currently down 1.09% at $288.39, and RSI indicators suggest it may be overbought. Investors are targeting a price range of $250 to $340.
The unusual options activity with a bearish sentiment indicates that large investors may expect a decline in Salesforce's stock price. The current stock price is down, and RSI suggests it may be overbought, supporting the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100