Lam Research ($LRCX) slides after Form 144 filing as analysts lift targets
What just happened
Lam Research shares dipped after filing a notice on a proposed sale of securities (Form 144).
- Same-day move: -3.8%
- Excess vs SPY: -3.5%
- Price: $365.45
Where the Street stands
| Firm | Rating | Price target |
|---|---|---|
| Morgan Stanley | Overweight | $404 (from $331) |
| Goldman Sachs | raises PT | $380 (from $290) |
| Susquehanna | Positive | $475 (from $385) |
| BofA | Buy | $480 (from $330) |
How it trades on earnings
Based on the last 7 earnings reactions:
- Median absolute next-day move: 4.5%
- Closed higher: 4 of 7
- Biggest up: +7.4%
- Biggest down: -6.7%
- Avg 1-week move: -0.3%