Unpacking the Latest Options Trading Trends in Lululemon Athletica
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Lululemon Athletica (NASDAQ:LULU) show a bearish stance among major investors. Out of 8 trades, 37% were bearish and 25% bullish. The stock is currently trading at $255.9, down by 1.21%, with an average price target of $299.6 from analysts. The RSI indicates the stock may be oversold.
July 30, 2024 | 3:01 pm
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Lululemon Athletica is experiencing a bearish sentiment in options trading, with 37% of trades being bearish. The stock is currently down by 1.21% at $255.9. Analysts have mixed ratings, with an average price target of $299.6.
The bearish sentiment in options trading, combined with the stock's recent decline and mixed analyst ratings, suggests a likely short-term downward pressure on LULU's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100