Dangdang Target of Unusually High Options Trading (DANG)
Dangdang (NASDAQ:DANG) was the recipient of unusually large options trading on Monday. Traders acquired 5,987 call options on the stock, Stock Ratings Network reports. This represents an increase of 160% compared to the typical daily volume of 2,306 call options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Dangdang (NASDAQ:DANG) in a research note to investors on Thursday. They set an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Dangdang (NASDAQ:DANG) from a “neutral” rating to an “underweight” rating in a research note to investors on Friday, August 30th. They now have a $6.50 price target on the stock, up previously from $4.30. Finally, analysts at HSBC raised their price target on shares of Dangdang (NASDAQ:DANG) from $7.90 to $13.45 in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.19.
Shares of Dangdang (NASDAQ:DANG) traded down 4.12% on Monday, hitting $10.48. The stock had a trading volume of 4,860,925 shares. Dangdang has a 1-year low of $3.68 and a 1-year high of $12.00. The stock has a 50-day moving average of $9.25 and a 200-day moving average of $6.7. The company’s market cap is $841.2 million.
Dangdang (NASDAQ:DANG) last announced its earnings results on Thursday, August 15th. The company reported ($0.80) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.15) by $0.65. The company had revenue of $243.30 million for the quarter, compared to the consensus estimate of $235.53 million. During the same quarter last year, the company posted ($0.24) earnings per share. Dangdang’s revenue was up 24.0% compared to the same quarter last year. On average, analysts predict that Dangdang will post $-0.55 earnings per share for the current fiscal year.
E-Commerce China Dangdang Inc (NASDAQ:DANG) is a holding company.
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