Lam Research Unusual Options Activity For October 23
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with both bullish and bearish stances taken by investors. The trades have targeted a price range from $400.0 to $720.0 for Lam Research over the last 3 months. The current price of LRCX is $601.34, up 0.16%. Analysts from B. Riley Securities, JP Morgan, Needham, and UBS have maintained or upgraded their ratings on Lam Research, with price targets ranging from $700 to $800.
October 23, 2023 | 3:30 pm
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Unusual options activity has been observed for Lam Research, with a mix of bullish and bearish trades. Analysts have maintained or upgraded their ratings on the stock, with price targets ranging from $700 to $800.
The unusual options activity indicates increased interest in Lam Research, which could lead to increased volatility in the stock's price. The bullish and bearish trades suggest uncertainty about the stock's future direction. However, the maintained or upgraded ratings from analysts, along with their high price targets, suggest a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100