Smart Money Is Betting Big In ULTA Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Ulta Beauty (NASDAQ:ULTA) through options trading. Analysis reveals 40% bearish sentiment with a notable volume of puts. The stock is currently down by 3.52%, trading at $329.0, and is potentially oversold. Analysts have mixed ratings, with price targets ranging from $325 to $500.
August 05, 2024 | 4:31 pm
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Financial giants have made significant bearish moves on Ulta Beauty through options trading, with 40% bearish sentiment. The stock is currently down by 3.52%, trading at $329.0, and is potentially oversold. Analysts have mixed ratings, with price targets ranging from $325 to $500.
The significant bearish sentiment from financial giants, combined with the current stock price drop and mixed analyst ratings, suggests a likely short-term negative impact on Ulta Beauty's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100