This Is What Whales Are Betting On Applied Mat
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 83% of detected trades being bearish. The trades include 8 puts totaling $421,877 and 4 calls totaling $175,336. Whales have been targeting a price range from $140.0 to $170.0 for AMAT over the last 3 months. The current price of AMAT is $140.99, up 0.6%. Wolfe Research, UBS, and Mizuho have given price targets of $185, $150, and $158 respectively.
October 10, 2023 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Applied Materials has seen a bearish stance from a significant investor, with 83% of detected trades being bearish. The current price is $140.99, up 0.6%.
The bearish stance taken by a significant investor, indicated by the high percentage of bearish trades, could potentially lead to a decrease in the stock price of Applied Materials. This is further supported by the fact that the current price is within the targeted price range of $140.0 to $170.0.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100