Investors Buy Large Volume of E I Du Pont De Nemours And Put Options (DD)
Shares of E I Du Pont De Nemours And (NYSE:DD) were the recipient of some unusual options trading activity on Monday. Investors purchased 4,355 put options on the stock, Analyst Ratings.Net reports. This represents an increase of 142% compared to the typical daily volume of 1,798 put options.
In other E I Du Pont De Nemours And news, EVP Thomas Connelly, Jr. sold 16,552 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $67.50, for a total transaction of $1,117,260.00. Following the sale, the executive vice president now directly owns 175,053 shares of the company’s stock, valued at approximately $11,816,078. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of E I Du Pont De Nemours And in a research note on Wednesday, April 23rd. They now have a $71.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of E I Du Pont De Nemours And in a research note on Tuesday, April 22nd. They now have a $76.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of E I Du Pont De Nemours And from $72.00 to $76.00 in a research note on Tuesday, April 22nd. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. E I Du Pont De Nemours And has a consensus rating of “Hold” and a consensus target price of $67.90.
E I Du Pont De Nemours And (NYSE:DD) traded up 0.01% during mid-day trading on Monday, hitting $67.03. The stock had a trading volume of 2,187,723 shares. E I Du Pont De Nemours And has a 52 week low of $52.02 and a 52 week high of $68.82. The stock’s 50-day moving average is $67.23 and its 200-day moving average is $64.20. The company has a market cap of $61.557 billion and a price-to-earnings ratio of 21.34.
E I Du Pont De Nemours And (NYSE:DD) last released its earnings data on Thursday, April 17th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.59 by $0.01. The company had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts predict that E I Du Pont De Nemours And will post $4.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, May 13th.
Dupont E I De Nemours & Co, formerly E. I. du Pont de Nemours and Company, manufacturing, seed production or selling activities and some are distributors of products manufactured by the Company.
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