Lam Research Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Lam Research (NASDAQ:LRCX), with unusual options activity detected. The activity includes 19 extraordinary options, with a divided sentiment among investors: 47% bullish and 52% bearish. Notable options trades include both calls and puts, with a focus on a price band between $800.0 and $1280.0. Lam Research, a leading semiconductor wafer fabrication equipment manufacturer, has seen its stock price increase by 3.11%, reaching $929.99. Analyst ratings for LRCX remain positive, with a consensus target price of $917.8.
February 22, 2024 | 3:31 pm
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NEUTRAL IMPACT
Unusual options activity and a bearish sentiment among deep-pocketed investors towards Lam Research (LRCX) have been detected, with a focus on a price band between $800.0 and $1280.0. Despite this, the stock has increased by 3.11%, reaching $929.99, and analyst ratings remain positive with a consensus target price of $917.8.
The bearish sentiment from options activity is counterbalanced by the stock's recent price increase and positive analyst ratings. The mixed signals from the market and analysts suggest a neutral short-term impact on LRCX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100