Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) as indicated by unusual options activity. The sentiment among big-money traders is split between 42% bullish and 57% bearish. The options activity suggests a targeted price range from $300.0 to $460.0 for Lululemon Athletica over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $424, while Piper Sandler maintains an Overweight rating with a price target of $450.
July 06, 2023 | 7:01 pm
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Bearish options activity suggests potential downward pressure on Lululemon Athletica's stock price. Analysts' ratings are mixed, with Morgan Stanley downgrading to Overweight and a price target of $424, while Piper Sandler maintains an Overweight rating with a price target of $450.
The unusual bearish options activity indicates that traders are expecting a potential decrease in LULU's stock price. This is further supported by the fact that 57% of big-money traders are bearish. However, the analyst ratings are mixed, which adds some uncertainty to the potential impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100