e.l.f. Beauty Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on e.l.f. Beauty (NYSE:ELF), with options trading indicating a split sentiment of 30% bullish and 69% bearish. Uncommon options trades were spotted, with a notable volume in calls over puts. The targeted price range for ELF over the last 3 months is between $100.0 to $270.0. Currently, ELF's stock price is up by 0.77% at $208.0, with analysts giving an average target price of $223.0. The RSI suggests ELF may be approaching overbought territory.

March 14, 2024 | 8:01 pm
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NEUTRAL IMPACT
e.l.f. Beauty has seen bearish options trading, with a current stock price increase to $208.0. Analysts have set an average target price of $223.0.
The bearish sentiment from options trading contrasts with the current stock price increase and the analysts' optimistic target prices. This mixed sentiment could lead to short-term volatility, but the overall analyst optimism and current price trend suggest a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100