Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Lululemon Athletica (NASDAQ:LULU) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $300.0 to $420.0 for Lululemon Athletica over the last 3 months. Keybanc has maintained their Overweight rating on Lululemon Athletica, with a price target of $425.
August 18, 2023 | 5:01 pm
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Unusual options activity indicates a bullish stance on Lululemon Athletica. The sentiment among big-money traders is split between 58% bullish and 41% bearish. Keybanc has maintained their Overweight rating on the company, with a price target of $425.
The unusual options activity, with a significant bullish stance, indicates that there is a high expectation of an increase in the stock price of Lululemon Athletica. This is further supported by Keybanc maintaining their Overweight rating on the company, with a price target of $425, which is higher than the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100