Investors Buy High Volume of Vale Put Options (VALE)
Shares of Vale (NASDAQ:VALE) was the target of some unusual options trading on Wednesday. Investors purchased 13,598 put options on the stock, AnalystRatings.Net reports. This represents an increase of 131% compared to the typical daily volume of 5,896 put options.
VALE has been the subject of a number of recent research reports. Analysts at Clarkson Capital initiated coverage on shares of Vale in a research note to investors on Wednesday, December 18th. They set an “outperform” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Vale in a research note to investors on Thursday, November 28th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Vale in a research note to investors on Wednesday, November 13th. They now have a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $19.34.
Vale SA is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets.
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