Sunedison Sees Unusually Large Options Volume (SUNE)
Shares of Sunedison (NASDAQ:SUNE) were the target of unusually large options trading activity on Thursday. Investors bought 41,552 call options on the company, Analyst Ratings Network reports. This is an increase of approximately 126% compared to the typical daily volume of 18,424 call options.
SUNE has been the subject of a number of recent research reports. Analysts at Cowen and Company initiated coverage on shares of Sunedison in a research note on Tuesday. They set a “market perform” rating and a $20.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Sunedison in a research note on Tuesday. They set a “buy” rating and a $21.65 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Sunedison in a research note on Monday. They now have a $19.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Sunedison currently has an average rating of “Buy” and an average price target of $24.22.
Sunedison (NASDAQ:SUNE) traded up 0.85% on Thursday, hitting $21.33. The stock had a trading volume of 13,403,007 shares. Sunedison has a one year low of $6.24 and a one year high of $24.35. The stock has a 50-day moving average of $21.86 and a 200-day moving average of $19.31. The company’s market cap is $5.735 billion.
Sunedison (NASDAQ:SUNE) last released its earnings data on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.28) by $0.40. The company had revenue of $557.50 million for the quarter, compared to the consensus estimate of $571.80 million. During the same quarter last year, the company posted ($0.19) earnings per share. Sunedison’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Sunedison will post $-0.46 earnings per share for the current fiscal year.
SunEdison Inc, formerly MEMC Electronic Materials, Inc, incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers.
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