Looking At Applied Mat's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Applied Materials (NASDAQ:AMAT) shows a bullish stance by significant investors, with a mix of bullish and bearish trades. The activity suggests a price target range of $160 to $310. Notable trades include both puts and calls with varying sentiments and strike prices. Applied Materials, a leading semiconductor equipment manufacturer, has seen its stock price slightly decrease. Analysts have mixed ratings on AMAT, with target prices ranging from $220 to $240. The next earnings report is expected in 51 days.
March 26, 2024 | 8:45 pm
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Applied Materials sees bullish options activity with a price target range of $160-$310. Analysts give mixed ratings, with target prices between $220 and $240. The stock recently dipped by -0.86%, with an upcoming earnings report in 51 days.
The bullish options activity, combined with the mixed but generally positive analyst ratings, suggests optimism about AMAT's future performance. The slight dip in stock price may present a buying opportunity ahead of the next earnings report, which could positively impact the stock in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100