Stock Traders Buy High Volume of St. Joe Call Options (JOE)
St. Joe (NYSE:JOE) saw unusually large options trading activity on Friday. Traders purchased 3,360 call options on the stock, American Banking and Market News reports. This represents an increase of approximately 240% compared to the average volume of 989 call options.
Separately, analysts at Raymond James upgraded shares of St. Joe from a “market perform” rating to an “outperform” rating in a research note on Friday, May 23rd. They now have a $25.00 price target on the stock.
Shares of St. Joe (NYSE:JOE) traded down 6.14% on Friday, hitting $22.17. 1,525,396 shares of the company’s stock traded hands. St. Joe has a 52-week low of $16.82 and a 52-week high of $26.64. The stock has a 50-day moving average of $24.30 and a 200-day moving average of $20.88. The company has a market cap of $2.046 billion and a price-to-earnings ratio of 5.31.
The St. Joe Company owns land, timber and resort assets located primarily in Northwest Florida, Jacksonville, Florida and Tallahassee, Florida.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.