Smart Money Is Betting Big In LULU Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Lululemon Athletica (NASDAQ:LULU) options, with a slight bearish tilt. The options activity is unusually high, with a mix of puts and calls suggesting a price range between $185 and $400. Analysts have mixed ratings, with a consensus target price of $327. Earnings are expected in 2 days.
August 27, 2024 | 8:15 pm
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Lululemon Athletica sees significant options activity with a slight bearish sentiment. Analysts have mixed ratings, and earnings are expected in 2 days. The stock is currently down 0.18% at $271.18.
The high volume of options activity, particularly the bearish sentiment, suggests potential downward pressure on LULU's stock price. The mixed analyst ratings and upcoming earnings add to the uncertainty, making a short-term negative impact likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100