This Is What Whales Are Betting On Lululemon Athletica
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor or institution. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. Whales have been targeting a price range from $280.0 to $390.0 for Lululemon Athletica over the last 3 months. Telsey Advisory Group downgraded its action to Outperform with a price target of $430.
August 29, 2023 | 3:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Lululemon Athletica. The overall sentiment among big-money traders is more bearish than bullish. Telsey Advisory Group has downgraded its action to Outperform with a price target of $430.
The bearish stance taken by a large investor or institution indicates a potential decrease in the stock price of Lululemon Athletica. The overall sentiment among big-money traders being more bearish than bullish further supports this. However, Telsey Advisory Group's downgrade to Outperform with a price target of $430 suggests a potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100