Lam Research stock drops after insider sale filing; what LRCX investors watch next
Lam Research shares fell 2.6% to $223.23 in late morning trading Tuesday after director Eric Brandt disclosed selling 35,000 shares last week. Bernstein raised its price target to $285, maintaining an outperform rating. The stock move comes ahead of earnings from peer Applied Materials on Feb. 12 and key U.S. economic data later this week.