Check Out What Whales Are Doing With Lamb Weston Hldgs

Investors with significant funds have taken a bearish position in Lamb Weston Hldgs LW, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in LW usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 8 options transactions for Lamb Weston Hldgs. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 37% being bullish and 50% bearish. Of all the options we discovered, 7 are puts, valued at $2,852,907, and there was a single call, worth $47,700.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $85.0 for Lamb Weston Hldgs during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lamb Weston Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lamb Weston Hldgs's significant trades, within a strike price range of $70.0 to $85.0, over the past month.

Lamb Weston Hldgs 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Lamb Weston Hldgs

Lamb Weston is North America's largest and the world's second-largest producer of branded and private-label frozen potato products, both by volume and value. The company's portfolio is anchored by French fries, but it also sells sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. Nearly 70% of revenue comes from its home market of North America, with none of the other 100 countries the company sells into representing a significant share. McDonald's is Lamb Weston's single largest customer at 13% of fiscal 2023 sales, with no other company representing more than 10%. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.

Having examined the options trading patterns of Lamb Weston Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Lamb Weston Hldgs's Current Market Status

• Trading volume stands at 924,840, with LW's price down by -2.01%, positioned at $77.48.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 5 days.

What Analysts Are Saying About Lamb Weston Hldgs

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.0.

• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Lamb Weston Hldgs with a target price of $104.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Lamb Weston Hldgs, targeting a price of $96.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lamb Weston Hldgs options trades with real-time alerts from Benzinga Pro.