Lam Research Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $300.0 to $650.0 for Lam Research over the last 3 months. Currently, the price of LRCX is down -2.66% at $610.96. Mizuho has downgraded its action to Buy with a price target of $520.
July 11, 2023 | 4:16 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Lam Research. The price is currently down and Mizuho has downgraded its action to Buy with a lower price target.
The unusual options activity, with a majority being bearish, indicates that large investors are expecting the price of LRCX to decrease. This is further supported by the current price decrease and Mizuho's downgrade to Buy with a lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100