Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Lululemon Athletica (NASDAQ:LULU), with 61% of recent unusual options trades being bullish and 38% bearish. The targeted price range for LULU over the last 3 months is $240 to $390. The stock is currently down 0.86% at $337.35, and RSI indicators suggest it may be oversold. Telsey Advisory Group downgraded LULU to Outperform with a price target of $425.
May 30, 2023 | 4:31 pm
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POSITIVE IMPACT
Whale investor's bullish stance on Lululemon Athletica (NASDAQ:LULU) may indicate potential upside. RSI indicators suggest the stock may be oversold. Telsey Advisory Group downgraded LULU to Outperform with a price target of $425.
The whale investor's bullish stance on LULU, along with the RSI indicators suggesting the stock may be oversold, indicate a potential upside for the stock. Additionally, Telsey Advisory Group's downgrade to Outperform with a price target of $425 supports the positive outlook for LULU.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100