Looking At Applied Mat's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Applied Materials (NASDAQ:AMAT) shows a bearish stance from big-money investors, with 54% of trades being bearish. The options activity includes 6 puts and 5 calls, with a total trade amount of $508,152 for puts and $176,380 for calls. The predicted price range for AMAT is between $170.0 and $250.0. Current trading volume is 1,882,117, with the stock price down by -0.54% at $242.0. Analysts have a consensus target price of $290.0, with ratings from B. Riley Securities and Wells Fargo.
July 05, 2024 | 7:03 pm
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Recent unusual options activity for Applied Materials (NASDAQ:AMAT) indicates a bearish stance from big-money investors, with 54% of trades being bearish. The stock is currently trading at $242.0, down by -0.54%. Analysts have a consensus target price of $290.0.
The significant bearish options activity suggests that big-money investors expect the stock price to decline in the short term. This is further supported by the current trading volume and price movement. However, analyst ratings remain positive with a higher target price, indicating potential long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100