Looking At Lam Research's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $570.0 to $700.0 for Lam Research over the last 3 months. Wolfe Research has downgraded its action to Outperform with a price target of $825, while Stifel maintains their Buy rating with a price target of $750.

September 18, 2023 | 5:46 pm
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Unusual options activity indicates a bullish stance on Lam Research. The sentiment of big-money traders is split, with a slight lean towards bullish. Price targets range from $570 to $700.
The unusual options activity, with a large position indicating a bullish stance, suggests that there may be significant movement in the price of LRCX in the near future. The sentiment of big-money traders is split, but leans slightly towards bullish, which could drive the price up. Additionally, the price targets set by analysts suggest a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100