What the Options Market Tells Us About Lululemon Athletica
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a divided sentiment towards Lululemon Athletica (NASDAQ:LULU), with equal bullish and bearish positions in the options market. Benzinga's tracking revealed 32 significant options activities, indicating a potential price movement between $365.0 and $470.0. The company, known for its athletic apparel and accessories, is currently trading at $393.02, up 1.06%, with an RSI suggesting it may be oversold. Analysts maintain positive ratings, with an average target price of $495.2.
March 26, 2024 | 3:15 pm
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POSITIVE IMPACT
Lululemon Athletica shows a mixed sentiment in the options market, with a potential price movement expected. The stock is currently up, and analysts maintain a positive outlook with an average target price of $495.2.
The divided sentiment in the options market, combined with the current uptrend in LULU's stock price and positive analyst ratings, suggests a potential short-term increase in stock price. The significant options activity and the analysts' bullish outlook, despite the stock being potentially oversold, indicate a strong investor interest and confidence in the company's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100