Unpacking the Latest Options Trading Trends in KLA
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards KLA (NASDAQ:KLAC), with significant options trading activity indicating potential price movements. The general sentiment is divided, with 58% bearish and 37% bullish. The stock is currently down by -1.79% at $801.89, with an earnings announcement expected in 31 days. Analysts have mixed ratings, with a consensus target price of $863.33.
June 24, 2024 | 7:31 pm
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Deep-pocketed investors are showing a bearish trend towards KLA (NASDAQ:KLAC) with significant options trading activity. The stock is currently down by -1.79% at $801.89, with an earnings announcement expected in 31 days. Analysts have mixed ratings, with a consensus target price of $863.33.
The significant bearish options trading activity suggests that investors expect the stock price to decline in the short term. The stock is already down by -1.79%, and the mixed analyst ratings add to the uncertainty. The upcoming earnings announcement could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100