EMC Corp. Sees Unusually High Options Volume (EMC)
EMC Corp. (NYSE:EMC) saw some unusual options trading activity on Friday. Stock traders purchased 11,807 put options on the company, Analyst Ratings Network.com reports. This represents an increase of approximately 289% compared to the typical daily volume of 3,035 put options.
In other EMC Corp. news, COO David I. Goulden sold 35,000 shares of EMC Corp. stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $26.41, for a total transaction of $924,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EMC shares. Analysts at TheStreet reiterated a “buy” rating on shares of EMC Corp. (NYSE:EMC) in a research note to investors on Monday, August 19th. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of EMC Corp. (NYSE:EMC) in a research note to investors on Monday, August 19th. They now have a $31.00 price target on the stock.
Six research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.57.
EMC Corp. (NYSE:EMC) opened at 26.84 on Monday. EMC Corp. has a one year low of $21.45 and a one year high of $28.18. The stock has a 50-day moving average of $26.34 and a 200-day moving average of $24.54. The company has a market cap of $55.850 billion and a price-to-earnings ratio of 21.25.
EMC Corp. (NYSE:EMC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter last year, the company posted $0.39 earnings per share. EMC Corp.’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that EMC Corp. will post $1.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 23rd. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, September 27th.
EMC Corporation (NYSE:EMC), and its subsidiaries develop, deliver and support the Information Technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.
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