EMC Corp. Sees Unusually Large Options Volume (EMC)
EMC Corp. (NYSE:EMC) was the recipient of some unusual options trading on Friday. Traders purchased 41,475 call options on the stock, American Banking and Market News reports. This is an increase of 156% compared to the typical daily volume of 16,201 call options.
Several analysts have recently commented on the stock. 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, December 30th. 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 analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.41.
Shares of EMC Corp. (NYSE:EMC) opened at 25.07 on Monday. EMC Corp. has a 52-week low of $21.45 and a 52-week high of $27.34. The stock’s 50-day moving average is $24.07 and its 200-day moving average is $25.04. The company has a market cap of $51.590 billion and a price-to-earnings ratio of 20.06.
EMC Corp. (NYSE:EMC) last released its earnings data 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 in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that EMC Corp. will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 23rd. Investors of record on Wednesday, January 8th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date 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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