Smart Money Is Betting Big In LRCX Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Lam Research (NASDAQ:LRCX) through options trading. Analysis revealed 27 unusual trades, with 37% bullish and 44% bearish. The price target for LRCX ranges from $590 to $1420. Current trading volume is 456,021, with the stock up 2.75% at $1027.2. Analysts have mixed ratings, with price targets ranging from $900 to $1060.
June 12, 2024 | 3:16 pm
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Lam Research has seen significant bearish options trading activity, with 44% of trades showing bearish sentiment. The stock is currently trading at $1027.2, up 2.75%. Analysts have mixed ratings with price targets ranging from $900 to $1060.
The significant bearish sentiment in options trading suggests a potential short-term decline in LRCX's stock price. Despite the current price increase, the mixed analyst ratings and bearish options trades indicate caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100