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Shares of Sunedison (NASDAQ:SUNE) were the recipient of unusually large options trading activity on Monday. Investors purchased 107,892 call options on the company, StockRatingsNetwork reports. This is an increase of 605% compared to the typical volume of 15,298 call options.

In other Sunedison news, Director Steven Vincent Tesoriere sold 6,000,000 shares of Sunedison stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $19.43, for a total value of $116,580,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Sunedison in a research note on Monday. They set an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Sunedison in a research note on Monday. They set a “neutral” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Sunedison in a research note on Monday. They now have a $35.00 price target on the stock, up previously from $13.00. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $23.24.

Shares of Sunedison (NASDAQ:SUNE) traded up 10.93% on Monday, hitting $21.51. 20,865,028 shares of the company’s stock traded hands. Sunedison has a 1-year low of $6.24 and a 1-year high of $21.93. The stock has a 50-day moving average of $19.10 and a 200-day moving average of $16.77. The company’s market cap is $5.761 billion.

Sunedison (NASDAQ:SUNE) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.17) by $0.08. The company had revenue of $546.50 million for the quarter, compared to the consensus estimate of $593.88 million. Sunedison’s revenue was up 33.9% compared to the same quarter last year. Analysts expect that Sunedison will post $-0.36 EPS for the current fiscal year.

SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers.

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