Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a bullish stance taken by a majority of investors. The targeted price range for Lululemon Athletica over the last 3 months is from $330.0 to $500.0. The current price of LULU is $380.86, down by 0.96%. Keybanc maintains an 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.
August 11, 2023 | 7:01 pm
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Lululemon Athletica has seen unusual options activity, with a majority of investors taking a bullish stance. The stock's price is currently $380.86, down by 0.96%. Analysts have mixed views, with Keybanc maintaining an Overweight rating and a price target of $425, while Telsey Advisory Group has downgraded its action to Outperform with a price target of $430.
The unusual options activity indicates that investors are speculating on the future price of Lululemon Athletica, which could lead to increased volatility in the short term. The mixed analyst views suggest uncertainty about the company's future performance. However, the overall bullish stance of investors could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100