Lam Research Unusual Options Activity For September 06
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 18% bullish and 81% bearish. The whales have been targeting a price range from $270.0 to $820.0 for Lam Research over the last 3 months. Stifel maintains their Buy rating on Lam Research with a price target of $750.
September 06, 2023 | 4:16 pm
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Unusual options activity indicates a significant bearish stance on Lam Research. The sentiment among big-money traders is 81% bearish. Stifel maintains their Buy rating on Lam Research with a price target of $750.
The unusual options activity, with a significant bearish sentiment, indicates that large investors are expecting a potential drop in Lam Research's stock price. This could lead to increased selling pressure on the stock. However, Stifel's maintained Buy rating suggests they believe the stock will perform well, which could counter some of the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100