Lululemon Athletica Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Lululemon Athletica (NASDAQ:LULU) through unusual options activity. Analysis reveals 75% of traders are bearish, with significant trades in both puts and calls. The predicted price range for LULU is between $260.0 and $460.0. Current trading volume is 634,505, with the stock price at $287.22, up by 1.23%. Analysts have mixed ratings, with target prices ranging from $220 to $470.
July 16, 2024 | 3:46 pm
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NEGATIVE IMPACT
Lululemon Athletica has seen significant bearish options activity, with 75% of traders showing bearish tendencies. The stock is currently trading at $287.22, up by 1.23%. Analysts have mixed ratings, with target prices ranging from $220 to $470.
The significant bearish sentiment from options traders, combined with mixed analyst ratings, suggests potential downward pressure on LULU's stock price in the short term. The current price increase may be temporary given the overall bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100