Market Whales and Their Recent Bets on ELF Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity for e.l.f. Beauty (NYSE:ELF) shows a mixed sentiment among investors, with a slight bearish lean. Analysis of 11 trades reveals 45% bullish and 54% bearish positions. The focus is on a price range of $115.0 to $185.0. The largest trades include both bullish and bearish expectations, with significant activity in calls and puts. e.l.f. Beauty, a US-based cosmetics company, is currently trading at $162.0, with a neutral RSI and an anticipated earnings release in 44 days. Analysts have given mixed reviews, with an average target price of $221.25.
April 08, 2024 | 6:45 pm
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NEUTRAL IMPACT
e.l.f. Beauty's recent options trading activity shows a bearish sentiment, despite the stock trading at $162.0 with a neutral RSI. Analysts have a higher average target price of $221.25, indicating potential growth.
The mixed sentiment in options trading, with a slight bearish lean, could introduce volatility in the short term. However, the stock's current neutral RSI and the higher average target price from analysts suggest underlying strength. The anticipated earnings release in 44 days will be crucial for future price direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100