Looking At KLA's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A financial giant has made a bearish move on KLA (NASDAQ:KLAC), with 70% of traders showing bearish tendencies. The major market movers are focusing on a price band between $460.0 and $560.0 for KLA. Morgan Stanley maintains an Equal-Weight rating for KLA, targeting a price of $500. The price of KLAC is up 0.01% at $498.92.
November 07, 2023 | 8:31 pm
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NEGATIVE IMPACT
Bearish move on KLA with 70% traders showing bearish tendencies. Morgan Stanley maintains an Equal-Weight rating for KLA, targeting a price of $500. The price of KLAC is up 0.01% at $498.92.
The bearish move by a financial giant and the bearish tendencies shown by 70% of traders could potentially lead to a decrease in KLA's stock price. However, Morgan Stanley's target price of $500 and the current price increase of 0.01% at $498.92 could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100