Lululemon Athletica Unusual Options Activity
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 overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. The whales have been targeting a price range from $240.0 to $500.0 for Lululemon Athletica over the last 3 months. Keybanc has maintained their Overweight rating on Lululemon Athletica with a price target of $425, while Telsey Advisory Group downgraded its action to Outperform with a price target of $430.
July 27, 2023 | 7:47 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Lululemon Athletica. The company's stock price may be impacted in the short term.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the stock price of Lululemon Athletica to decrease. This could lead to a short term impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100