Traders Purchase High Volume of The Dow Chemical Company Put Options (DOW)
The Dow Chemical Company (NYSE:DOW) was the recipient of some unusual options trading activity on Monday. Investors acquired 9,312 put options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 135% compared to the typical volume of 3,959 put options.
DOW has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of The Dow Chemical Company from $47.00 to $57.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. Separately, analysts at Argus raised their price target on shares of The Dow Chemical Company from $51.00 to $56.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of The Dow Chemical Company from $50.00 to $54.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The Dow Chemical Company presently has an average rating of “Hold” and an average target price of $52.90.
The Dow Chemical Company (NYSE:DOW) traded up 0.73% on Monday, hitting $49.34. 8,208,765 shares of the company’s stock traded hands. The Dow Chemical Company has a 52 week low of $31.65 and a 52 week high of $50.96. The stock has a 50-day moving average of $48.83 and a 200-day moving average of $45.2. The company has a market cap of $58.744 billion and a price-to-earnings ratio of 12.30.
The Dow Chemical Company (NYSE:DOW) last announced its earnings results on Wednesday, April 23rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that The Dow Chemical Company will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 30th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, June 26th.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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