Bullish Options Activity Highlights for Applied Mat

Bullish sentiment follows notable trading in Applied Mat. Investors showcase significant interest in calls, hinting at potential positive market movements.

Date: 17-01-2025

AI Rating: 7

Options Trading Insights: The report indicates a substantial bullish sentiment from significant investors in Applied Mat (ticker: AMAT) as revealed by unusual options trading activity. With 18 call options trades totaling approximately $2.19 million versus 7 put trades at around $422,000, this signifies a strong leaning towards positive sentiment. The traders' anticipated price range, spanning from $82.5 to $250.0 over the recent three months, reflects investor optimism.

Market Performance and Trends: Currently, AMAT is trading up by 2.37% at $190.9, indicating a favorable market performance. The average open interest for options is noted at 1420.53, with a total volume of 1,505.00, aligning with bullish trends. However, the recent RSI readings suggest that the stock might be overbought, hinting caution for some investors.

Analyst Ratings: The analysis discloses that several professional analysts have provided positive ratings on Applied Mat. Notably, Goldman Sachs maintains a Buy rating with a target price of $202. Similarly, Wells Fargo rates the stock as Overweight with a target of $200, while Mizuho anticipates an outperform stance with a price target of $210. The most optimistic outlook comes from Keybanc, upgrading their stance to Overweight with a price target lifted to $225, signaling strong confidence in AMAT’s potential.

Stocks: AMAT