Applied Mat Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Applied Materials (NASDAQ:AMAT) has seen significant options trading activity, with a bearish sentiment prevailing among financial giants. Analysis of 18 unusual trades revealed a bearish bias, despite 44% of traders being bullish. Options trades suggest a target price range of $150-$210. Notable trades include both puts and calls with varying sentiments and strike prices. Applied Materials, a leading semiconductor equipment manufacturer, has its stock currently down by -1.96% at $190.51. Analysts have set an average price target of $260, with mixed ratings from Evercore ISI Group and Cantor Fitzgerald.
April 19, 2024 | 5:02 pm
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NEUTRAL IMPACT
Applied Materials has seen a bearish trend in options trading, with a current stock price of $190.51 and an average analyst price target of $260. The mixed analyst ratings and significant options activity may influence short-term stock movement.
The bearish sentiment in options trading, combined with the current stock price decline and the optimistic analyst price targets, creates a complex short-term outlook. The mixed analyst ratings from Evercore ISI Group and Cantor Fitzgerald, along with the significant options activity, suggest potential volatility. However, the strong position of Applied Materials in the semiconductor equipment market may buffer negative impacts.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100