Applied Mat's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Applied Materials (NASDAQ:AMAT) has seen significant options trading activity, indicating a bullish sentiment among big-money investors. Benzinga's options scanner revealed 14 unusual trades, with a sentiment split of 57% bullish and 42% bearish. The trades suggest a price target range of $150 to $250 for AMAT. The company, a leading semiconductor equipment manufacturer, has its stock currently priced at $202, up 0.72%. Analysts have set an average price target of $234, with ratings ranging from Neutral to Buy.
March 14, 2024 | 5:16 pm
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Applied Materials has seen a mix of bullish and bearish options trading, with a price target range of $150-$250. Currently at $202, analysts have an average target of $234.
The significant options activity, particularly the bullish trades, suggests investor confidence in AMAT's future performance. The analyst ratings and price targets further support a positive outlook, potentially driving short-term price movement upwards.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100