Looking At Lam Research's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 19% bullish and 80% bearish. Whales have been targeting a price range from $450.0 to $750.0 for Lam Research over the last 3 months. Stifel has maintained their Buy rating on Lam Research, with a price target of $750.
September 11, 2023 | 8:16 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish sentiment towards Lam Research. This could potentially impact the stock's price in the short term. However, Stifel maintains a Buy rating with a price target of $750.
The unusual options activity, with 80% bearish sentiment, indicates that big-money traders are expecting the price of LRCX to decrease. This could put downward pressure on the stock's price in the short term. However, Stifel's maintained Buy rating suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100