Looking At Applied Mat's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Applied Materials (NASDAQ: AMAT), with 72% of investors taking a bearish stance. Whales have targeted a price range of $80 to $150 for AMAT over the last 3 months. The stock is currently down 2.19% at $133.58, and RSI indicators suggest it may be overbought. Analysts maintain positive ratings with price targets ranging from $135 to $150.
May 31, 2023 | 6:32 pm
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Applied Materials sees unusual options activity with 72% bearish investors. The stock is down 2.19% at $133.58, and RSI indicators suggest overbought conditions. Analysts maintain positive ratings with price targets ranging from $135 to $150.
The unusual options activity with a majority of bearish investors indicates a potential short-term negative impact on AMAT's stock price. The stock is currently down and RSI indicators suggest overbought conditions, which may lead to a further decline. However, analysts maintain positive ratings and price targets, which could provide some support for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100