Salesforce Stock Slides on Downgrade to 'Underperform'

Core Viewpoint - Salesforce Inc has experienced a downgrade from D.A. Davidson, which has affected its stock price and outlook [1] Group 1: Stock Performance - Salesforce's stock is currently down 4.3%, trading at $236.60, following the downgrade to "underperform" and a price target reduction from$250 to $200 [1] - If the current losses persist, Salesforce will close at its lowest level since June 2024, with a year-to-date deficit of 29.3% [2] Group 2: Market Sentiment and Options Activity - There has been a notable increase in call options activity for Salesforce over the past 10 weeks, with a call/put volume ratio of 1.78, ranking higher than 95% of readings from the past year [3] - The stock has historically outperformed options traders' volatility expectations, as indicated by a Schaeffer's Volatility Scorecard (SVS) score of 94 out of 100 [3]