Traders Purchase High Volume of Put Options on Dell (DELL)
Dell (NASDAQ:DELL) was the recipient of some unusual options trading on Thursday. Stock investors purchased 9,291 put options on the company, Analyst Ratings.Net reports. This is an increase of 101% compared to the typical volume of 4,615 put options.
A number of research firms have recently commented on DELL. Analysts at Zacks upgraded shares of Dell (NASDAQ:DELL) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $15.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Dell (NASDAQ:DELL) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 1st.
Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company. Dell presently has a consensus rating of “Hold” and a consensus price target of $13.57.
Shares of Dell (NASDAQ:DELL) remained flat at $13.85 during trading on Thursday. The stock had a trading volume of 88,647,264 shares. Dell has a 52-week low of $8.69 and a 52-week high of $14.64. The stock’s 50-day moving average is $13.62 and its 200-day moving average is $13.62. The company has a market cap of $24.353 billion and a P/E ratio of 18.06.
Dell (NASDAQ:DELL) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.01. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.18 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Dell will post $0.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.31%.
Dell, Inc (NASDAQ:DELL) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels.
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