Ulta Beauty Unusual Options Activity For June 21
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Ulta Beauty (NASDAQ:ULTA) with 11 unusual options trades, predominantly bearish. Analysts have mixed ratings with price targets ranging from $400 to $525. Current trading volume is 421,001 with the stock price at $379.84.
June 21, 2024 | 6:03 pm
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Ulta Beauty has seen significant bearish options activity, with 63% of trades showing bearish sentiment. Analysts have mixed ratings with price targets ranging from $400 to $525. Current trading volume is 421,001 with the stock price at $379.84.
The significant bearish options activity suggests that large investors are expecting a decline in Ulta Beauty's stock price. Despite mixed analyst ratings, the predominant bearish sentiment in options trading is likely to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100