Salesforce's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has seen significant options trading activity, with a majority of trades showing a bearish sentiment. Analysts have mixed ratings on the stock, with price targets ranging from $300 to $400. The stock is currently trading at $292.3, up 1.46%, but RSI suggests it may be overbought.
October 14, 2024 | 8:00 pm
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Salesforce has experienced a surge in options trading, with 60% of trades being bearish. Analysts have mixed views, with price targets from $300 to $400. The stock is currently up 1.46% at $292.3, but RSI suggests it may be overbought.
The majority of options trades are bearish, indicating a negative short-term sentiment. Despite some positive analyst ratings, the overall sentiment from options trading suggests a potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100