Lockheed Martin's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Lockheed Martin (NYSE:LMT) has seen significant options trading activity, with a mix of bearish and bullish sentiment among investors. Analysis of 14 trades shows 42% bullish and 57% bearish positions, with an equal number of puts and calls traded. Whales target a price range of $400 to $660 for LMT over the next 3 months. The stock is currently trading at $429, down 0.47%, with neutral RSI indicators. Analysts have varying ratings on LMT, with a consensus target price of $499.2. Notable ratings include RBC Capital's Sector Perform at $470, Susquehanna's Positive at $540, Citigroup's Buy at $508, Morgan Stanley's Equal-Weight at $503, and UBS's Neutral at $475.
January 26, 2024 | 8:00 pm
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NEUTRAL IMPACT
Lockheed Martin has experienced a notable volume of options trading with a bearish sentiment prevailing. The stock is currently trading slightly down with neutral RSI indicators, and analysts have a consensus target price of $499.2, suggesting potential upside.
The mixed sentiment in options trading and the current neutral RSI indicators suggest a short-term uncertainty in price direction. However, the consensus target price from analysts indicates a potential upside, which could counteract the bearish options sentiment. The recent options activity may increase volatility in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100