Estee Lauder Cos Unusual Options Activity For August 10
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Estee Lauder Cos (NYSE:EL), with a notably bullish stance. Of the 10 strange trades detected, 70% were opened with bullish expectations and 30% with bearish. Whales have been targeting a price range from $170.0 to $225.0 for Estee Lauder over the last 3 months. The company's stock price is up 2.69% at $170.66. Several financial institutions have recently updated their ratings and price targets for Estee Lauder.
August 10, 2023 | 6:01 pm
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Estee Lauder Cos has seen unusual options activity, with a bullish stance. The stock price is up 2.69% at $170.66. Several financial institutions have recently updated their ratings and price targets for the company.
The unusual options activity, particularly the bullish stance, indicates a positive sentiment towards Estee Lauder Cos. This, combined with the recent increase in the stock price, suggests a potential short-term positive impact on the company's stock. However, the recent downgrades by several financial institutions may moderate this impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100