Looking At Lam Research's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a majority of investors taking a bearish stance. The price target for Lam Research, based on volume and open interest, ranges from $390 to $720. The current price of LRCX is $685.38, down by 0.1%. Analysts from Mizuho, Stifel, Wells Fargo, Citigroup, and Morgan Stanley have maintained their ratings on Lam Research, with price targets ranging from $650 to $800.
August 10, 2023 | 5:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lam Research has seen unusual options activity, with a majority of investors taking a bearish stance. The price target ranges from $390 to $720. The current price of LRCX is $685.38, down by 0.1%.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on the stock price. The current price of LRCX is near the upper end of the targeted price range, which may also suggest a potential downside. However, the analyst ratings are generally positive, which could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100