What the Options Market Tells Us About e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been detected for e.l.f. Beauty (NYSE:ELF), with a notable volume of trades aiming for a price range of $140.0 to $240.0 in the next three months. This unusual activity, comprising both puts and calls, suggests that major investors anticipate movement in ELF's stock price. Currently, ELF's stock is slightly up, with analysts providing mixed ratings and target prices ranging from $141 to $184. The company, known for its cosmetic products, generates most of its revenue from the US.
February 12, 2024 | 3:16 pm
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e.l.f. Beauty has seen significant bearish options activity, suggesting potential stock price movement. Analysts offer mixed ratings, with target prices ranging from $141 to $184.
The bearish options activity, with a high volume of trades and a price target range significantly above and below the current stock price, indicates that investors are preparing for potential downside. However, the mixed analyst ratings and the current slight uptick in stock price add complexity to the prediction. The high relevance and importance scores reflect the direct impact of this options activity on ELF's stock, while the confidence score accounts for the unpredictability of market reactions to options trades and analyst ratings.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100