Looking At Applied Mat's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Applied Mat (NASDAQ:AMAT), with a bearish stance taken by a large investor. The options scanner at Benzinga spotted 15 uncommon trades, with 33% bullish and 66% bearish sentiment. The whales have been targeting a price range from $75.0 to $165.0 for Applied Mat over the last 3 months. The price of AMAT is currently down -1.01% at $147.26. Several financial institutions including Goldman Sachs, Bernstein, TD Cowen, Mizuho, and Berenberg have maintained their positive ratings on Applied Mat.
August 22, 2023 | 6:16 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Applied Mat (NASDAQ:AMAT) through unusual options activity. The price of AMAT is currently down -1.01% at $147.26.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially impact the stock price of Applied Mat in the short term. The current price drop of -1.01% could be a reflection of this activity. Additionally, the positive ratings maintained by several financial institutions could potentially counteract some of this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100