Looking At Lam Research's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $300 and $720. Wolfe Research has downgraded its action to Outperform with a price target of $825. The next earnings are expected to be released in 16 days.
October 02, 2023 | 5:16 pm
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Lam Research has seen unusual options activity, with a majority of investors taking a bearish stance. Wolfe Research has downgraded its action to Outperform with a price target of $825.
The bearish sentiment observed in the options activity could potentially put downward pressure on the stock price in the short term. However, the downgrade by Wolfe Research to Outperform with a higher price target could have a counteracting effect.
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