Insider Buying: Clayton C. Daley, Jr. Purchases 5,000 Shares of Sunedison Stock (SUNE)
Sunedison (NASDAQ:SUNE) Director Clayton C. Daley, Jr. purchased 5,000 shares of Sunedison stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $21.02 per share, with a total value of $105,100.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $105,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Sunedison (NASDAQ:SUNE) traded up 0.05% on Friday, hitting $21.34. 8,620,294 shares of the company’s stock traded hands. Sunedison has a 52-week low of $6.24 and a 52-week high of $24.35. The stock’s 50-day moving average is $21.81 and its 200-day moving average is $19.38. The company’s market cap is $5.738 billion. Sunedison also saw some unusual options trading activity on Thursday. Traders purchased 41,552 call options on the company. This represents an increase of 126% compared to the typical volume of 18,424 call options.
Sunedison (NASDAQ:SUNE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Sunedison will post $-0.59 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SUNE shares. Analysts at Cowen and Company initiated coverage on shares of Sunedison in a research note on Tuesday, August 12th. 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, August 12th. 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, August 11th. They now have a $19.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Sunedison presently has a consensus rating of “Buy” and an average price target of $24.22.
SunEdison Inc, formerly MEMC Electronic Materials, Inc, incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers.
Receive News & Ratings for Sunedison Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunedison Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.