What the Options Market Tells Us About KLA
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on KLA (NASDAQ:KLAC), as observed through recent options trades. Benzinga's options scanner detected 8 uncommon trades, with 62% being bearish. The price range of interest is between $785.0 and $965.0. KLA's stock is currently down 8.13% at $756.14. Analysts have mixed ratings, with target prices ranging from $760 to $980.
August 01, 2024 | 8:17 pm
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NEGATIVE IMPACT
Investors with significant capital have taken a bearish stance on KLA (NASDAQ:KLAC), as observed through recent options trades. Benzinga's options scanner detected 8 uncommon trades, with 62% being bearish. The price range of interest is between $785.0 and $965.0. KLA's stock is currently down 8.13% at $756.14. Analysts have mixed ratings, with target prices ranging from $760 to $980.
The detection of 8 uncommon options trades with a majority being bearish indicates a negative sentiment among significant investors. This, combined with the current stock price drop of 8.13%, suggests a likely short-term decline in KLAC's stock price. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100