Behind the Scenes of e.l.f. Beauty's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards e.l.f. Beauty (NYSE:ELF), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant puts being traded. The stock is currently down by 0.35%, trading at $148.12. Analysts have mixed ratings, with target prices ranging from $161 to $260.
August 14, 2024 | 4:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Deep-pocketed investors are showing a bearish trend towards e.l.f. Beauty (NYSE:ELF) with significant put options activity. The stock is currently down by 0.35%, trading at $148.12. Analysts have mixed ratings, with target prices ranging from $161 to $260.
The significant bearish options activity, with 72% of the trades being puts, indicates a negative sentiment among investors. This is likely to put downward pressure on the stock price in the short term. However, mixed analyst ratings provide some support, suggesting a range of potential outcomes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100