Ulta Beauty (ULTA) Options Trading Volume Surges 43.3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: NASDAQ.COM
- Active Options Trading: Ulta Beauty Inc saw options trading volume of 2,389 contracts, equating to approximately 238,900 shares, which represents 43.3% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Call Option Volume: The $710 strike call option recorded 229 contracts traded today, representing about 22,900 underlying shares, reflecting investor optimism regarding Ulta Beauty's growth potential in the coming years.
- Credo Technology Options Activity: Credo Technology Group Holding Ltd experienced options trading volume of 22,772 contracts, approximately 2.3 million shares, also reaching 43.3% of its average daily trading volume over the past month, showcasing strong market engagement.
- Put Option Trading: For Credo, the $135 strike put option saw 3,071 contracts traded, representing around 307,100 shares, indicating market expectations for price volatility and a demand for risk management strategies.
Analyst Views on CRDO
Wall Street analysts forecast CRDO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRDO is 219.44 USD with a low forecast of 165.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
12 Buy
0 Hold
0 Sell
Strong Buy
Current: 128.020
Low
165.00
Averages
219.44
High
250.00
Current: 128.020
Low
165.00
Averages
219.44
High
250.00
About CRDO
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
