Applied Mat Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Applied Materials (NASDAQ:AMAT), as observed through unusual options activity. Benzinga's options scanner detected 10 trades, with 60% being bearish. The price target for AMAT ranges from $140 to $280. The stock is currently down 1.04% at $235.09, with RSI indicators suggesting it may be overbought. Expert opinions on AMAT are mixed, with target prices ranging from $185 to $260.
June 14, 2024 | 2:46 pm
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Investors with significant capital have taken a predominantly bearish stance on Applied Materials (NASDAQ:AMAT), as observed through unusual options activity. Benzinga's options scanner detected 10 trades, with 60% being bearish. The price target for AMAT ranges from $140 to $280. The stock is currently down 1.04% at $235.09, with RSI indicators suggesting it may be overbought. Expert opinions on AMAT are mixed, with target prices ranging from $185 to $260.
The detection of unusual options activity, with 60% of trades being bearish, suggests that significant investors are expecting a decline in AMAT's stock price. The current price drop of 1.04% and RSI indicators pointing to an overbought condition further support this bearish outlook. Mixed expert opinions with a wide range of target prices add to the uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100