Lam Research Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Lam Research (NASDAQ:LRCX) with 50% of options trades being bearish. The stock is currently trading at $1039.2, down by -1.06%. Analysts have mixed ratings with a consensus target price of $1096.25.
June 24, 2024 | 3:46 pm
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Lam Research has seen significant bearish options activity, with 50% of trades being bearish. The stock is currently down by -1.06% at $1039.2. Analysts have mixed ratings with a consensus target price of $1096.25.
The significant bearish options activity suggests that large investors are expecting a decline in Lam Research's stock price. The current price drop of -1.06% and mixed analyst ratings further support a bearish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100