CONN'S Target of Unusually High Options Trading (CONN)
Shares of CONN'S (NASDAQ:CONN) were the target of unusually large options trading on Thursday. Stock traders acquired 15,251 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 811% compared to the typical daily volume of 1,675 call options.
CONN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of CONN'S from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $49.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of CONN'S from $55.00 to $65.00 in a research note on Tuesday, June 3rd. Finally, analysts at Stifel Nicolaus raised their price target on shares of CONN'S from $51.00 to $61.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.33.
CONN'S (NASDAQ:CONN) traded down 1.99% during mid-day trading on Thursday, hitting $44.73. 554,166 shares of the company’s stock traded hands. CONN'S has a 52 week low of $31.17 and a 52 week high of $80.34. The stock’s 50-day moving average is $42.60 and its 200-day moving average is $42.6. The company has a market cap of $1.617 billion and a P/E ratio of 16.91.
Conn’s, Inc is a holding company. The Company is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers’ purchases of the products that it offer.
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