Check Out What Whales Are Doing With AMAT
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Applied Materials (NASDAQ:AMAT) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $115.0 to $165.0 for AMAT over the last 3 months. The current price of AMAT is $147.81, up 0.33%. Analysts from Mizuho, Citigroup, and B of A Securities have maintained their Buy ratings on AMAT, with price targets of $152, $170, and $165 respectively.
August 04, 2023 | 2:23 pm
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Unusual options activity indicates a significant bearish stance on Applied Materials. The sentiment among big-money traders is split, with 41% bullish and 58% bearish. Analysts from Mizuho, Citigroup, and B of A Securities have maintained their Buy ratings on AMAT.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. However, the maintained Buy ratings from multiple analysts could counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100