Lam Research Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $300.0 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 25, 2023 | 6:17 pm
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A large investor has taken a bearish stance on Lam Research, with unusual options activity indicating a price target range of $300-$700. Analysts have mixed views, with Wolfe Research downgrading to Outperform and Stifel maintaining a Buy rating.
The unusual options activity indicates that a large investor is expecting a potential decrease in the price of Lam Research. This, combined with the mixed analyst ratings, could lead to increased volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100