Looking At Applied Mat's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Applied Mat (NASDAQ:AMAT) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. Whales have been targeting a price range from $120.0 to $140.0 for Applied Mat over the last 3 months. Mizuho downgraded its action to Buy with a price target of $140 while Citigroup maintained their Buy rating with a price target of $170.
July 18, 2023 | 3:02 pm
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Unusual options activity indicates a bearish stance on Applied Mat. The sentiment of big-money traders is 27% bullish and 72% bearish. Mizuho downgraded its action to Buy with a price target of $140 while Citigroup maintained their Buy rating with a price target of $170.
The bearish stance taken by big-money traders, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The downgrade by Mizuho and the maintained Buy rating by Citigroup also add to the relevance of this news to AMAT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100