Under Armour volatility elevated as shares pullback from record high Under Armour April weekly call option implied volatility is at 37, April is at 46, May is at 44, July is at 34; compared to its 26-week average of 33 according to Track Data, suggesting large price movement.
lululemon upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).