Estee Lauder Cos Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos (NYSE:EL) has seen unusual options activity, with significant bullish sentiment from deep-pocketed investors. The options activity includes 7 calls and 2 puts, indicating a mixed but predominantly bullish outlook. Analysts have given mixed ratings, with price targets ranging from $108 to $191. The stock is currently trading at $98.26, down 2.4%, and may be oversold according to RSI readings.
July 18, 2024 | 6:16 pm
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Estee Lauder Cos has experienced unusual options activity, with a majority of the trades being bullish. Analysts have mixed ratings, with price targets ranging from $108 to $191. The stock is currently trading at $98.26, down 2.4%, and may be oversold according to RSI readings.
The unusual options activity, predominantly bullish, suggests that significant investors are expecting a positive movement in Estee Lauder's stock price. The mixed analyst ratings provide a range of potential price targets, but the overall sentiment leans towards a positive outlook. The current price drop and RSI readings indicating oversold conditions could also mean a potential rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100