Lockheed Martin Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lockheed Martin (NYSE:LMT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $400.0 to $500.0 for Lockheed Martin over the last 3 months. The price of LMT is currently down -1.01% at $408.75. Wells Fargo has upgraded its action to Equal-Weight with a price target of $440.
September 26, 2023 | 8:16 pm
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A large investor has taken a bearish stance on Lockheed Martin, with unusual options activity indicating a price target range of $400-$500. Wells Fargo has upgraded its action to Equal-Weight with a price target of $440.
The unusual options activity indicates that a large investor is expecting the price of Lockheed Martin to decrease. This, combined with the current price decrease of -1.01% and the bearish sentiment among big-money traders, suggests a negative short-term impact on the stock. However, the upgrade by Wells Fargo could potentially mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100