Looking At Lam Research's Recent 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 observed in the unusual options activity. The overall sentiment of these big-money traders is 14% bullish and 85% bearish. The whales have been targeting a price range from $565.0 to $680.0 for Lam Research over the last 3 months. Citigroup maintains a Buy rating on Lam Research with a price target of $695, while Mizuho downgraded its action to Buy with a price target of $520.

July 18, 2023 | 3:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Lam Research, indicating potential downward pressure on the stock. Analyst ratings are mixed, with Citigroup maintaining a Buy rating and a price target of $695, while Mizuho downgraded its action to Buy with a price target of $520.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be downward pressure on the stock. This is further complicated by the mixed analyst ratings, with Citigroup maintaining a Buy rating and a higher price target, while Mizuho has downgraded its action to Buy with a lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100