Decoding Applied Mat's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Applied Materials (NASDAQ:AMAT) through options trading. Analysis reveals 27 unusual trades with a majority being bearish. The stock is currently trading at $192.22 with an upcoming earnings announcement in 6 days. Analysts have mixed ratings with an average target price of $268.33.
August 09, 2024 | 6:01 pm
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NEGATIVE IMPACT
Applied Materials (NASDAQ:AMAT) has seen a significant bearish sentiment in recent options trading, with 59% of trades being bearish. The stock is currently trading at $192.22, with an earnings announcement expected in 6 days. Analysts have mixed ratings with an average target price of $268.33.
The majority of options trades (59%) are bearish, indicating a negative short-term outlook. The stock's current price and upcoming earnings announcement add to the uncertainty. Analysts' mixed ratings provide a broader perspective but do not negate the immediate bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100