Looking At Applied Mat's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Applied Materials (NASDAQ:AMAT) has seen unusual options activity, indicating a split sentiment among big-money traders, with 54% bullish and 45% bearish. A total of 11 options trades were spotted, focusing on a price band between $180.0 and $260.0. The company, a leading semiconductor wafer fabrication equipment manufacturer, has its next earnings expected in 3 days. Analysts have mixed views, with an average target price of $166.67, varying from $140 to $180.
February 12, 2024 | 3:30 pm
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Applied Materials has seen unusual options activity with a mixed sentiment among traders. Analysts have mixed views, with an average target price of $166.67. Earnings are expected in 3 days.
The unusual options activity with a nearly even split between bullish and bearish sentiments suggests uncertainty about AMAT's short-term price direction. The upcoming earnings release adds to this uncertainty, as it could significantly impact the stock price depending on the results. Analysts' mixed views and the average target price being below the current trading price further contribute to the uncertain outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100