Investors show strong interest in Lululemon options with bullish sentiment rising

benzinga.com October 30, 2024, 09:01 PM UTC

Financial investors have recently shown strong interest in Lululemon Athletica, with 50% of options traders taking bullish positions. The analysis identified eight unusual trades, including five call options valued at $230,779 and three put options worth $107,600.

The price target for Lululemon is estimated to range between $240 and $320. This reflects a shift in investor sentiment, as the volume and open interest in options contracts indicate increased activity and interest in the stock.

Currently, Lululemon's stock is trading at $303.85, down 0.32%. Analysts have set an average target price of $314, suggesting a cautious optimism about the company's performance ahead of its next earnings report.


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