Lululemon Athletica Unusual Options Activity For September 05
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a predominantly bearish stance. Whales have been targeting a price range from $360.0 to $420.0 for Lululemon over the last 3 months. The current price of LULU is down -0.93% at $400.42. Several financial institutions have maintained their positive ratings on Lululemon, with price targets ranging from $366 to $480.
September 05, 2023 | 2:46 pm
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Lululemon Athletica has seen unusual options activity, with a predominantly bearish stance. The current price is down -0.93% at $400.42. Several financial institutions have maintained their positive ratings on Lululemon, with price targets ranging from $366 to $480.
The unusual options activity, predominantly bearish, indicates that investors are expecting the price of LULU to decrease. However, several financial institutions have maintained their positive ratings on Lululemon, indicating a potential conflict in market sentiment. This could lead to increased volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100