Check Out What Whales Are Doing With LULU
Portfolio Pulse from Benzinga Insights
A significant bullish 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 50% bullish and 50% bearish. The whales have been targeting a price range from $320.0 to $400.0 for Lululemon Athletica over the last 3 months. The current price of LULU is down -3.3% at $370.23. Several experts have given their price targets, with HSBC and Needham suggesting a buy with targets of $500 and $470 respectively, while Telsey Advisory Group and Bernstein suggest outperform and market perform with targets of $450 and $366 respectively.
October 03, 2023 | 3:01 pm
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Unusual options activity indicates a significant bullish stance on Lululemon Athletica. The sentiment among big-money traders is split 50% bullish and 50% bearish. The current price of LULU is down -3.3% at $370.23.
The unusual options activity indicates that a large investor or institution has taken a significant bullish stance on Lululemon Athletica. However, the sentiment among these big-money traders is split 50% bullish and 50% bearish, which creates uncertainty about the short-term price direction. The current price of LULU is down -3.3% at $370.23, which may be a result of this mixed sentiment. Additionally, several experts have given their price targets, which also vary significantly, adding to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100