Stock Traders Purchase Large Volume of Sunedison Call Options (SUNE)
Sunedison (NASDAQ:SUNE) saw unusually large options trading activity on Monday. Stock investors acquired 14,118 call options on the stock, AnalystRatingsNetwork.com reports. This is an increase of 289% compared to the typical volume of 3,633 call options.
Several analysts have recently commented on the stock. Analysts at RBC Capital upgraded shares of Sunedison from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, September 20th. Separately, analysts at Gilford Securities raised their price target on shares of Sunedison from $9.58 to $13.00 in a research note to investors on Wednesday, September 4th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company upgraded shares of Sunedison from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 23rd. They now have a $11.00 price target on the stock, up previously from $3.00. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $9.96.
Sunedison (NASDAQ:SUNE) traded down 2.14% during mid-day trading on Monday, hitting $8.70. 5,485,063 shares of the company’s stock traded hands. Sunedison has a 52-week low of $2.15 and a 52-week high of $10.47. The stock has a 50-day moving average of $7.70 and a 200-day moving average of $7.16. The company’s market cap is $2.018 billion.
Sunedison (NASDAQ:SUNE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.06. The company had revenue of $401.30 million for the quarter, compared to the consensus estimate of $453.26 million. During the same quarter last year, the company posted $0.14 earnings per share. Sunedison’s revenue was down 47.3% compared to the same quarter last year.
SunEdison Inc, formerly MEMC Electronic Materials, Inc, is engaged in the development, manufacture and sale of silicon wafers.
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