Lam Research Unusual Options Activity For August 21
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 sentiment among these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $320.0 to $720.0 for Lam Research over the last 3 months. Several financial institutions have maintained their positive ratings on Lam Research, with price targets ranging from $680 to $800.
August 21, 2023 | 7:00 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Lam Research, which could potentially impact the stock's price in the short term. However, several financial institutions have maintained their positive ratings on the company.
The unusual options activity indicates that a large investor is expecting the price of Lam Research to decrease. However, the positive ratings from financial institutions suggest that they believe the company's stock is still a good investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100