Estee Lauder Cos Unusual Options Activity For March 11
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos (NYSE:EL) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. The options scanner revealed 10 uncommon trades, split evenly between bullish and bearish, targeting a price range of $135.0 to $220.0. Notable trades include both calls and puts with significant total trade prices. Estee Lauder, a leader in the global prestige beauty market, has a current stock price of $150.02, with an RSI indicating a neutral position. Analyst ratings in the last month have an average target price of $167.67, with mixed revisions.
March 11, 2024 | 7:30 pm
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NEUTRAL IMPACT
Estee Lauder has experienced unusual options activity, indicating mixed sentiments among investors. The stock is currently neutral with an RSI indicating neither overbought nor oversold conditions. Analysts have given mixed ratings with an average target price of $167.67.
The unusual options activity, with a balanced mix of bullish and bearish sentiments, suggests uncertainty about Estee Lauder's short-term price direction. The neutral RSI and the recent analyst ratings with a higher average target price than the current stock price add to this uncertainty. However, the significant interest in options trading could indicate that investors are preparing for potential price movements, although the direction is not clear.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100