Behind the Scenes of Lockheed Martin's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Lockheed Martin (NYSE:LMT) has seen a notable bearish trend in options trading, with 41% of traders showing bearish tendencies. The stock is currently down 1% at $599.04, and analysts have set an average target price of $647.5. Despite the bearish options activity, analysts from Deutsche Bank and RBC Capital maintain positive ratings on the stock.
October 10, 2024 | 5:47 pm
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Lockheed Martin is experiencing a bearish trend in options trading, with 41% of traders showing bearish tendencies. The stock is currently down 1% at $599.04. Analysts have set an average target price of $647.5, with Deutsche Bank and RBC Capital maintaining positive ratings.
The bearish trend in options trading suggests a negative sentiment among traders, which could lead to short-term downward pressure on LMT's stock price. However, the positive analyst ratings and target prices indicate potential for recovery, creating a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100