KLA Unusual Options Activity For June 05
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on KLA (NASDAQ:KLAC) with 63% of detected unusual options trades being bearish. 11 puts amounting to $486,652 and 8 calls amounting to $272,690 were spotted. The price target range for KLA over the last 3 months is $200 to $560. Wells Fargo maintains an Overweight rating with a $500 price target, while UBS maintains a Neutral rating with a $475 price target.
June 05, 2023 | 8:46 pm
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A whale has taken a bearish stance on KLA with 63% of detected unusual options trades being bearish. The price target range for KLA over the last 3 months is $200 to $560. Wells Fargo maintains an Overweight rating with a $500 price target, while UBS maintains a Neutral rating with a $475 price target.
The bearish stance taken by the whale with a majority of detected unusual options trades being bearish indicates a potential short-term negative impact on KLA's stock price. Additionally, the price target range of $200 to $560 suggests uncertainty in the stock's future performance. The mixed analyst ratings from Wells Fargo and UBS further contribute to the potential short-term negative impact on KLA's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100