Applied Mat's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a significant interest in Applied Materials (NASDAQ:AMAT), with a mix of bullish and bearish sentiments based on options activity. Benzinga's tracking revealed 18 unusual options activities, with a price target range from $70.0 to $210.0. The current market status of AMAT shows a 3.32% increase in price at $204.49, with neutral RSI indicators. Analysts have set an average price target of $260.0, with mixed ratings from Evercore ISI Group and Cantor Fitzgerald.
May 03, 2024 | 6:31 pm
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POSITIVE IMPACT
Applied Materials has seen significant options activity, indicating investor interest. The stock price is up, and analysts have a positive outlook with a target of $260.
The mix of bullish and bearish options activity, along with a recent price increase and positive analyst ratings, suggests a potential short-term upward movement in AMAT's stock price. The significant options activity, especially with a target range up to $210, aligns with the current price trend and analyst expectations, reinforcing the bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100