Looking At Lam Research's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last 3 months is from $620.0 to $1020.0. The company's stock price is currently down by 1.7% at $638.13. Analysts from Mizuho, UBS, and Wells Fargo have given price targets of $520, $725, and $620 respectively.
June 28, 2023 | 1:51 pm
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Bearish options activity and varied analyst price targets may lead to volatility in Lam Research's stock price.
The bearish stance taken by a majority of investors in the options market, combined with the varied price targets given by analysts, could lead to increased volatility in Lam Research's stock price.
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IMPORTANCE 80
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