Market Whales and Their Recent Bets on ELF Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bearish stance on e.l.f. Beauty (NYSE:ELF), with unusual options activity indicating a split sentiment of 31% bullish and 68% bearish. The options trades target a price range of $100.0 to $290.0 for ELF. The company's stock is currently down by -4.15%, with a trading volume of 647,808 and an RSI suggesting it may be approaching overbought. Analysts have mixed ratings, with target prices ranging from $167 to $225.
March 04, 2024 | 4:02 pm
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NEUTRAL IMPACT
Whales' bearish stance and unusual options activity indicate potential volatility for ELF. Analysts' mixed ratings and current stock performance suggest cautious optimism.
The bearish sentiment from market whales, combined with the current stock performance and mixed analyst ratings, suggests that ELF's stock price may experience short-term volatility. However, the presence of bullish options trades and some positive analyst ratings provide a counterbalance, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100