Behind the Scenes of Applied Mat's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish trend in Applied Materials (NASDAQ:AMAT) options, with a notable division in sentiment: 42% bullish and 57% bearish. The options activity suggests a targeted price range of $155.0 to $250.0. Analysts have mixed views on AMAT, with price targets ranging from $180 to $250. The stock is currently down by -0.21%, trading at $199.32, with an RSI indicating it may be approaching overbought territory. Earnings are expected in 83 days.
February 23, 2024 | 5:00 pm
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NEGATIVE IMPACT
Applied Materials shows a bearish trend in options trading, with analysts providing mixed price targets. The stock is slightly down, and earnings are expected soon.
The bearish trend in options trading, combined with the mixed analyst ratings and the current slight downturn in stock price, suggests a potential short-term negative impact on AMAT's stock price. The upcoming earnings announcement adds uncertainty, influencing the score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100