Lululemon Athletica Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a bearish stance being taken by a majority of investors. The price target for Lululemon Athletica over the last 3 months has been between $350.0 to $390.0. The current price of LULU is down -0.25% at $359.46. HSBC, Needham, and Telsey Advisory Group have all downgraded their actions to Buy or Outperform with price targets ranging from $450 to $500.
October 06, 2023 | 6:17 pm
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Lululemon Athletica has seen unusual options activity, with a bearish stance being taken by a majority of investors. The stock's price is currently down, and it has been downgraded by several firms.
The bearish stance taken by investors in the options market, combined with the downgrades by HSBC, Needham, and Telsey Advisory Group, could potentially lead to a short-term decrease in LULU's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100