Stock Traders Buy Large Volume of Dynegy Call Options (DYN)
Dynegy (NYSE:DYN) saw some unusual options trading activity on Monday. Stock investors purchased 5,248 call options on the stock, Stock Ratings Network.com reports. This is an increase of 1,147% compared to the typical daily volume of 421 call options.
Several analysts have recently commented on the stock. Analysts at ISI Group raised their price target on shares of Dynegy from $30.00 to $34.00 in a research note on Monday. Separately, analysts at Macquarie raised their price target on shares of Dynegy from $30.00 to $32.00 in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Dynegy from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $35.00 price target on the stock, up previously from $31.00. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.40.
Shares of Dynegy (NYSE:DYN) traded up 0.80% on Monday, hitting $32.58. 2,457,327 shares of the company’s stock traded hands. Dynegy has a 1-year low of $18.11 and a 1-year high of $36.57. The stock’s 50-day moving average is $28.7 and its 200-day moving average is $28.23. The company’s market cap is $3.270 billion.
Dynegy (NYSE:DYN) last announced its earnings results on Wednesday, August 6th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $1.14. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $572.58 million. During the same quarter in the prior year, the company posted ($1.45) earnings per share. The company’s quarterly revenue was up 73.1% on a year-over-year basis. On average, analysts predict that Dynegy will post $-0.18 earnings per share for the current fiscal year.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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