Behind the Scenes of Lululemon Athletica's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent analysis of Lululemon Athletica's (NASDAQ:LULU) options trading shows a bearish trend, with 80% of trades being bearish. The trading activity suggests a price target range of $270 to $460. Current stock price is down by -0.81% at $332.04, with an RSI indicating potential oversold conditions. Analysts maintain a positive outlook, with a consensus target price of $509.4. The company, known for its athletic apparel and accessories, is trading with a volume of 438,078 and is anticipating its earnings release in 44 days.
April 16, 2024 | 2:46 pm
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Lululemon Athletica shows a bearish options trend but analysts remain bullish with a high target price of $509.4. The stock is currently down and may be oversold, with earnings anticipated in 44 days.
The bearish options trend suggests short-term investor skepticism, but the strong analyst consensus and the potential oversold condition indicate underlying strength. The upcoming earnings could be a pivotal moment for LULU's stock price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100