Lululemon Athletica Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Lululemon Athletica (NASDAQ:LULU) shows a bearish sentiment among investors, with 55% of trades being bearish and 44% bullish. The trading volume highlights a price window from $300 to $580. The company's stock is currently up 0.52% at $405.29, with analysts giving an average target price of $497.6. Keybanc, Telsey Advisory Group, Truist Securities, Needham, and Wells Fargo have provided ratings ranging from Overweight to Equal-Weight.
March 25, 2024 | 5:45 pm
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NEUTRAL IMPACT
Bearish options trading sentiment with a significant volume of trades predicting a price range of $300-$580. The stock is currently up, and analysts have set an average target price of $497.6.
The bearish sentiment in options trading could indicate investor caution or a potential downside, but the stock's current uptrend and positive analyst ratings suggest a balanced outlook. The detailed analysis of options trading, combined with the current market performance and analyst expectations, provides a comprehensive view of LULU's short-term prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100