KLA Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on KLA (NASDAQ:KLAC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $485.0 to $510.0 for KLA over the last 3 months. Wolfe Research has downgraded its action to Outperform with a price target of $600.
September 29, 2023 | 6:18 pm
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A large investor has taken a significant bearish stance on KLA, indicating potential downward pressure on the stock.
The unusual options activity, with a 70% bearish sentiment, indicates that a large investor is expecting the price of KLA to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100