Investors Buy Large Volume of EMC Corp. Put Options (EMC)
Shares of EMC Corp. (NYSE:EMC) saw some unusual options trading on Thursday. Stock traders bought 16,952 put options on the stock, Analyst RN reports. This is an increase of 174% compared to the typical daily volume of 6,186 put options.
A number of research firms have recently commented on EMC. Analysts at Thomson Reuters/Verus downgraded shares of EMC Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of EMC Corp. in a research note to investors on Thursday, December 26th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of EMC Corp. in a research note to investors on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $29.41.
EMC Corp. (NYSE:EMC) opened at 25.07 on Friday. EMC Corp. has a 52 week low of $21.45 and a 52 week high of $27.34. The stock has a 50-day moving average of $24.03 and a 200-day moving average of $25.03. The company has a market cap of $51.590 billion and a price-to-earnings ratio of 20.12.
EMC Corp. (NYSE:EMC) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.05. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the company posted $0.40 earnings per share. EMC Corp.’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that EMC Corp. will post $1.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be given a dividend of 0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, January 6th.
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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