Lululemon Athletica Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Lululemon Athletica (NASDAQ:LULU) has seen unusual options activity, with a mix of bullish and bearish trades. Whales have been targeting a price range from $320.0 to $410.0 for Lululemon over the last 3 months. The company's stock price is currently down by 0.65% at $389.32. Analysts from Wells Fargo, Morgan Stanley, Keybanc, and Piper Sandler maintain their Overweight rating on Lululemon, with price targets ranging from $437 to $455. However, Wedbush downgraded its action to Outperform with a price target of $415.
September 21, 2023 | 3:47 pm
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NEUTRAL IMPACT
Lululemon Athletica has seen unusual options activity, with a mix of bullish and bearish trades. Analysts maintain Overweight rating, with price targets up to $455.
The unusual options activity indicates a high level of interest in Lululemon's stock, which could lead to increased volatility. The maintained Overweight ratings and high price targets from analysts suggest a positive outlook, but the mix of bullish and bearish trades and the current downward trend in the stock price create uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100