Leap Wireless International Target of Unusually High Options Trading (LEAP)
Leap Wireless International (NASDAQ:LEAP) saw some unusual options trading on Monday. Investors bought 6,678 put options on the stock, StockRatingsNetwork reports. This is an increase of approximately 499% compared to the typical daily volume of 1,114 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Leap Wireless International in a research note on Friday, December 27th. They now have a $18.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Leap Wireless International in a research note on Thursday, December 19th. They set a “hold” rating on the stock. Finally, analysts at Barclays downgraded shares of Leap Wireless International from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. They now have a $17.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.95.
Shares of Leap Wireless International (NASDAQ:LEAP) opened at 17.61 on Tuesday. Leap Wireless International has a 52 week low of $5.15 and a 52 week high of $17.76. The stock has a 50-day moving average of $17.47 and a 200-day moving average of $16.49. The company’s market cap is $1.398 billion.
Leap Wireless International, Inc (NASDAQ:LEAP) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.
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