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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.

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