Lam Research Unusual Options Activity For October 24
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. The whales have been targeting a price range from $420.0 to $700.0 for Lam Research over the last 3 months. Analysts from Needham, UBS, B. Riley Securities, and JP Morgan have given positive ratings and high price targets for LRCX.
October 24, 2023 | 5:45 pm
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Unusual options activity and positive analyst ratings indicate a bullish sentiment for Lam Research. The stock is likely to see an upward movement in the short term.
The unusual options activity, with a large position indicating a bullish stance, suggests that big-money traders expect the stock price to rise. This is further supported by positive ratings and high price targets given by analysts from Needham, UBS, B. Riley Securities, and JP Morgan.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100