Estee Lauder Cos Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Estee Lauder Cos (NYSE:EL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The price of EL is down -3.09% at $151.85. Wells Fargo and Telsey Advisory Group have maintained their Overweight and Outperform ratings on Estee Lauder Cos, respectively, with price targets of $200 and $210. Citigroup and Piper Sandler have downgraded their actions to Neutral with a price target of $195, while B of A Securities has maintained their Neutral rating with a price target of $175.
August 21, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Estee Lauder Cos. The stock price is currently down, and expert ratings are mixed.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests a lack of confidence in the stock's performance. This, combined with the current decrease in stock price and mixed expert ratings, could potentially lead to a further decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100