Spotlight on e.l.f. Beauty: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing increased bullish activity in e.l.f. Beauty (NYSE:ELF) options, with 62% of trades being bullish. The stock is currently trading at $107.54, with a neutral RSI. Analysts have set target prices ranging from $139 to $223, indicating potential upside.
October 10, 2024 | 8:16 pm
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e.l.f. Beauty is experiencing a surge in bullish options activity, with 62% of trades being bullish. The stock is currently trading at $107.54, with analysts setting target prices between $139 and $223, indicating potential upside.
The significant increase in bullish options activity suggests that investors are optimistic about e.l.f. Beauty's short-term performance. The stock's current price of $107.54, combined with analyst target prices ranging from $139 to $223, supports the potential for upward movement. The options activity, along with positive analyst ratings, indicates a likely positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100