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 majority of investors taking a bearish stance. Whales have been targeting a price range from $360.0 to $430.0 for Lululemon over the last 3 months. The current price of LULU is down -1.51% at $379.1. Keybanc has maintained their Overweight rating on Lululemon Athletica, with a price target of $425.
August 22, 2023 | 7:16 pm
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NEGATIVE IMPACT
Lululemon Athletica has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of LULU is down -1.51% at $379.1. Keybanc has maintained their Overweight rating on Lululemon Athletica, with a price target of $425.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the price of LULU down in the short term. However, Keybanc's maintained Overweight rating and price target of $425 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100