Deep-Pocketed Investors Make Significant Options Moves on Lam Research: Here's the Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Lam Research (NASDAQ:LRCX), with significant options moves detected. Benzinga's options scanner highlighted 10 extraordinary options activities for Lam Research, with 80% of these investors leaning bearish. The major market movers are focusing on a price band between $475.0 and $700.0 for Lam Research. Analyst ratings for Lam Research include JP Morgan's Overweight rating with a target price of $700, B. Riley Securities' Neutral rating with a target price of $700, and Needham's upgraded rating to Buy with a revised price target of $800.
November 08, 2023 | 8:22 pm
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Bearish sentiment detected in options moves for Lam Research. Major market movers focusing on price band between $475.0 and $700.0. Analyst ratings include Overweight, Neutral, and Buy from JP Morgan, B. Riley Securities, and Needham respectively.
The bearish sentiment detected in options moves for Lam Research indicates that investors are expecting the stock price to decrease. This, combined with the fact that major market movers are focusing on a price band between $475.0 and $700.0, suggests that the stock price may experience downward pressure in the short term. However, the analyst ratings from JP Morgan, B. Riley Securities, and Needham could potentially counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100