This Is What Whales Are Betting On Lululemon Athletica
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor or institution. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $347.5 to $380.0 for Lululemon Athletica over the last 3 months. Telsey Advisory Group, Needham, and HSBC have all downgraded their actions on LULU with price targets of $450, $470, and $500 respectively.
October 12, 2023 | 2:48 pm
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A large investor has taken a bearish stance on Lululemon Athletica. The sentiment among big-money traders is more bearish than bullish. Analysts from Telsey Advisory Group, Needham, and HSBC have downgraded their actions on LULU.
The bearish stance taken by a large investor or institution indicates a potential decrease in LULU's stock price. This is further supported by the bearish sentiment among big-money traders. Additionally, the downgrades from Telsey Advisory Group, Needham, and HSBC could negatively impact investor confidence, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100