Lockheed Martin Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lockheed Martin (NYSE:LMT), with a roughly equal split between bullish and bearish expectations. The trades have targeted a price range of $360 to $500 over the last three months. Deutsche Bank, Wells Fargo, and UBS have recently updated their ratings and price targets for LMT. The stock's current price is $436.65, up 0.36%, and it may be approaching overbought territory according to RSI indicators.
October 11, 2023 | 8:16 pm
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Lockheed Martin has seen significant unusual options activity, with a price target range of $360-$500. Recent analyst updates may influence the stock's performance.
The unusual options activity indicates that there is significant interest in Lockheed Martin's stock, which could lead to increased volatility. The recent analyst updates also provide new information that could influence investors' decisions. However, the equal split between bullish and bearish expectations and the fact that the stock may be approaching overbought territory make it difficult to predict the short-term price direction.
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