Nov 12, 2024, 3:49 PM
Nov 12, 2024, 3:49 PM
Investors divided on the future of Lam Research
- Recent options activity shows substantial interest in Lam Research from major investors.
- The sentiment among market players is split, with an equal number leaning towards bullish and bearish positions.
- This division in sentiment implies that significant movements in Lam Research's stock could be on the horizon.
Lam Research has become a focal point for significant options activity, with deep-pocketed investors taking a bullish stance. Recent data from Benzinga indicates that 37% of market players are leaning bullish, while another 37% are bearish. This split opinion suggests uncertainty regarding the semiconductor equipment manufacturer's near-term performance. Over the last quarter, the majority of large investors have targeted Lam Research's price range between $60.0 to $80.5, indicated by the analysis of volume and open interest in various options contracts. In addition, the trading volume for LRCX stands at 5,651,864 shares, with its current price trading down by 0.61% to $75.7.
Opinions
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