Investors Buy High Volume of Put Options on Exelixis (EXEL)
Exelixis (NASDAQ:EXEL) saw some unusual options trading activity on Friday. Stock traders acquired 1,687 put options on the company, Analyst Ratings Net reports. This is an increase of 169% compared to the typical daily volume of 626 put options.
Exelixis (NASDAQ:EXEL) traded up 2.48% during mid-day trading on Friday, hitting $4.14. 1,393,214 shares of the company’s stock traded hands. Exelixis has a 1-year low of $3.02 and a 1-year high of $8.41. The stock has a 50-day moving average of $4.00 and a 200-day moving average of $4.35. The company’s market cap is $807.8 million.
Exelixis (NASDAQ:EXEL) last announced its earnings results on Thursday, July 31st. The company reported ($0.38) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.39) by $0.01. The company had revenue of $6.56 million for the quarter, compared to the consensus estimate of $5.66 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was down 44.7% on a year-over-year basis. Analysts expect that Exelixis will post $-1.54 EPS for the current fiscal year.
Exelixis, Inc (NASDAQ:EXEL) is a biotechnology company engaged in developing small molecule therapies for the treatment of cancer.
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