Stock Traders Purchase Large Volume of Call Options on Life Technologies Corp. (LIFE)
Life Technologies Corp. (NASDAQ:LIFE) was the target of some unusual options trading on Monday. Investors acquired 20,034 call options on the stock, Stock Ratings Network reports. This is an increase of 1,088% compared to the typical volume of 1,687 call options.
A number of research firms have recently commented on LIFE. Analysts at Zacks reiterated a “neutral” rating on shares of Life Technologies Corp. (NASDAQ:LIFE) in a research note to investors on Monday, August 19th. They now have a $78.00 price target on the stock. Separately, analysts at Citigroup Inc. cut their EPS estimates on shares of Life Technologies Corp. (NASDAQ:LIFE) in a research note on Thursday. They now have a $76.00 price target on the stock. Finally, analysts at Robert W. Baird downgraded shares of Life Technologies Corp. (NASDAQ:LIFE) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $76.00 price target on the stock. They noted that the move was a valuation call.
Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.79.
Shares of Life Technologies Corp. (NASDAQ:LIFE) opened at 74.76 on Tuesday. Life Technologies Corp. has a 52-week low of $45.67 and a 52-week high of $74.98. The stock’s 50-day moving average is $74.59 and its 200-day moving average is $71.29. The company has a market cap of $12.908 billion and a price-to-earnings ratio of 30.96.
Life Technologies Corp. (NASDAQ:LIFE) last announced its earnings results on Wednesday, July 31st. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.96 by $0.24. The company had revenue of $944.00 million for the quarter, compared to the consensus estimate of $952.06 million. On average, analysts predict that Life Technologies Corp. will post $4.19 earnings per share for the current fiscal year.
Life Technologies Corporation (NASDAQ:LIFE) is a global life sciences company.
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