Spotlight on Applied Mat: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown significant bearish options activity on Applied Materials (NASDAQ:AMAT), with 55% of the trades being bearish. This unusual activity suggests that some investors might have privileged information. The stock is currently trading at $216.48, down by 1.17%, and analysts have mixed ratings with price targets ranging from $210 to $255.
May 30, 2024 | 3:16 pm
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High-rolling investors have shown significant bearish options activity on Applied Materials (NASDAQ:AMAT), with 55% of the trades being bearish. This unusual activity suggests that some investors might have privileged information. The stock is currently trading at $216.48, down by 1.17%, and analysts have mixed ratings with price targets ranging from $210 to $255.
The significant bearish options activity suggests that some investors might have privileged information, which could lead to a short-term decline in the stock price. The mixed analyst ratings and the current stock price decline further support this bearish outlook.
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