Decoding Lam Research's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Lam Research (NASDAQ:LRCX) through significant options activity. Benzinga's options scanner highlighted 22 extraordinary options activities, with 45% of investors leaning bearish. The price window eyed by these investors ranges from $720 to $1060. Analysts have mixed ratings, with target prices ranging from $950 to $1130.
August 06, 2024 | 2:45 pm
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Deep-pocketed investors have shown a bearish sentiment towards Lam Research (NASDAQ:LRCX) through significant options activity. Benzinga's options scanner highlighted 22 extraordinary options activities, with 45% of investors leaning bearish. The price window eyed by these investors ranges from $720 to $1060.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term downward pressure on LRCX's stock price. The mixed analyst ratings add to the uncertainty.
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