Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Lululemon Athletica (NASDAQ:LULU), with 66% of recent trades being bearish. The targeted price range for Lululemon Athletica over the last 3 months is $350.0 to $480.0. Telsey Advisory Group and Needham have downgraded their ratings to Outperform and Buy respectively, with price targets of $450 and $470.
October 18, 2023 | 2:46 pm
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Bearish stance taken on Lululemon Athletica with majority of recent trades being bearish and downgraded ratings from Telsey Advisory Group and Needham.
The bearish stance taken by a significant investor, along with the downgraded ratings from Telsey Advisory Group and Needham, indicate a potential negative short-term impact on Lululemon Athletica's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100