Check Out What Whales Are Doing With LULU
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split 40% bullish and 60% bearish. The whales have been targeting a price range from $200.0 to $415.0 for Lululemon Athletica over the last 3 months. Despite this, several financial institutions have maintained their positive ratings on Lululemon, with price targets ranging from $420 to $455.
September 15, 2023 | 8:01 pm
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NEUTRAL IMPACT
Unusual options activity indicates a significant bearish stance on Lululemon Athletica. However, several financial institutions have maintained their positive ratings on the company, suggesting potential upward movement.
The bearish options activity suggests that some large investors expect Lululemon's stock price to decrease. However, the positive ratings from financial institutions indicate a belief in the company's strong performance, which could drive the stock price up. This creates a mixed outlook for the stock, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100