Suntech Power Target of Unusually High Options Trading (STP)
Shares of Suntech Power (NYSE:STP) was the target of unusually large options trading activity on Monday. Traders acquired 10,037 put options on the stock, AR Network reports. This is an increase of approximately 222% compared to the typical volume of 3,117 put options.
Separately, analysts at RBC Capital reiterated a “hold” rating on shares of Suntech Power in a research note to investors on Wednesday, October 9th. They now have a $0.75 price target on the stock.
Shares of Suntech Power (NYSE:STP) traded down 9.46% on Monday, hitting $1.34. 6,640,834 shares of the company’s stock traded hands. Suntech Power has a 1-year low of $0.30 and a 1-year high of $1.99. The stock has a 50-day moving average of $1.30 and a 200-day moving average of $1.03. The company’s market cap is $242.5 million.
Suntech Power Holdings Co, Ltd. (NYSE:STP) is a solar energy company.
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