Lam Research Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Lam Research (NASDAQ:LRCX) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $570.0 to $685.0 for Lam Research over the last 3 months. Wells Fargo has maintained their Equal-Weight rating on Lam Research, with a price target of $620, while Mizuho downgraded its action to Buy with a price target of $520.
July 03, 2023 | 7:48 pm
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Unusual options activity indicates a bullish stance on Lam Research. The sentiment of big-money traders is split between 53% bullish and 46% bearish. Wells Fargo maintains an Equal-Weight rating with a price target of $620, while Mizuho downgraded to Buy with a price target of $520.
The unusual options activity, with a significant bullish stance, indicates that there is a potential for the stock price to increase. The sentiment of big-money traders, which is more bullish than bearish, further supports this. However, the differing price targets set by Wells Fargo and Mizuho could introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100