e.l.f. Beauty Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
The article discusses the recent options trading activity for e.l.f. Beauty (NYSE:ELF), highlighting a mix of bullish and bearish sentiments among traders. Significant trades include both puts and calls, with a focus on a price range between $147.0 and $270.0. The stock is currently trading at $158.03, down by 2.6%, with an earnings announcement expected in 5 days. An analyst from Piper Sandler maintains an Overweight rating with a target price of $216.0.
May 17, 2024 | 6:31 pm
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NEUTRAL IMPACT
e.l.f. Beauty has seen a mix of bullish and bearish options trading activity, with significant trades in both puts and calls. The stock is currently down by 2.6% at $158.03, with an earnings announcement expected in 5 days. Piper Sandler maintains an Overweight rating with a target price of $216.0.
The mixed sentiment in options trading suggests uncertainty among traders. The upcoming earnings announcement could be a significant catalyst for the stock. The Overweight rating and target price of $216.0 from Piper Sandler provide a positive outlook, but the current price decline indicates short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100