Investors Buy Large Volume of Put Options on Rue21 (RUE)
Rue21 (NYSE:RUE) was the recipient of unusually large options trading activity on Thursday. Traders bought 4,552 put options on the stock, Analyst Ratings.Net reports. This represents an increase of approximately 246% compared to the average daily volume of 1,316 put options.
A number of analysts have recently weighed in on RUE shares. Analysts at Zacks downgraded shares of Rue21 from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 16th. They now have a $38.60 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.32.
Shares of Rue21 (NYSE:RUE) traded up 1.82% during mid-day trading on Thursday, hitting $41.99. 3,859,067 shares of the company’s stock traded hands. Rue21 has a 52 week low of $26.21 and a 52 week high of $42.49. The stock’s 50-day moving average is $40.82 and its 200-day moving average is $38.32. The company has a market cap of $987.1 million and a P/E ratio of 28.96.
rue21, inc. (NYSE:RUE) is a specialty apparel retailer.
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