Looking At Lam Research's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The price of LRCX is down -0.48% at $581.24. Analysts from B. Riley Securities, UBS, JP Morgan, and Needham have maintained their ratings on Lam Research, with price targets ranging from $700 to $800.
October 30, 2023 | 6:45 pm
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Lam Research has seen unusual options activity, with a large investor taking a bearish stance. The stock price is currently down, and analysts have maintained their ratings with price targets ranging from $700 to $800.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially drive the stock price down in the short term. However, the maintained ratings and price targets by analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100