Lululemon Athletica Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing unusual bearish options activity towards Lululemon Athletica (NASDAQ:LULU), with 62% of the trades being bearish. This suggests potential volatility in LULU's stock price. The stock is currently up 2.35% at $294.23, with an average analyst target price of $314.0.
October 16, 2024 | 3:31 pm
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Lululemon Athletica is experiencing unusual bearish options activity, with 62% of trades being bearish. This could indicate potential short-term volatility in the stock price. The stock is currently trading at $294.23, with an analyst target price of $314.0.
The significant bearish options activity suggests that investors are expecting a decline in LULU's stock price. Despite the current price increase, the bearish sentiment in options trading could lead to short-term volatility. The analyst target price of $314.0 provides a benchmark for potential price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100