Lululemon Athletica Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Lululemon Athletica (NASDAQ:LULU) with 47% of options trades being bearish. The stock is currently down 1.2% at $323.15. Analysts have set an average target price of $395.0, with Barclays downgrading its rating to Equal-Weight.
May 21, 2024 | 7:31 pm
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Whales have taken a bearish stance on Lululemon Athletica with 47% of options trades being bearish. The stock is currently down 1.2% at $323.15. Barclays downgraded its rating to Equal-Weight with a price target of $395.0.
The significant bearish options activity and the recent downgrade by Barclays suggest a negative short-term outlook for Lululemon Athletica. The stock is already down 1.2%, and the bearish sentiment from large investors could lead to further declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100