This Is What Whales Are Betting On Lululemon Athletica
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $270.0 to $390.0 for Lululemon Athletica over the last 3 months. Morgan Stanley, Piper Sandler, and Telsey Advisory Group have given price targets of $424, $450, and $430 respectively.
July 18, 2023 | 7:15 pm
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A large investor has taken a bearish stance on Lululemon Athletica, with unusual options activity indicating a price target range of $270 to $390. Analysts have given higher price targets.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down in the short term. However, the higher price targets given by analysts may counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100