Five Below Inc (NASDAQ:FIVE) saw some unusual options trading activity on Tuesday. Stock traders purchased 3,881 put options on the company. This represents an increase of 1,471% compared to the typical daily volume of 247 put options.
In other news, insider Eric M. Specter sold 15,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the transaction, the insider now directly owns 13,883 shares in the company, valued at approximately $931,271.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.92% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in Five Below during the 4th quarter worth approximately $440,000. Xact Kapitalforvaltning AB acquired a new stake in Five Below during the 4th quarter worth approximately $365,000. MetLife Investment Advisors LLC acquired a new stake in Five Below during the 4th quarter worth approximately $1,613,000. LPL Financial LLC increased its position in Five Below by 283.7% during the 4th quarter. LPL Financial LLC now owns 35,058 shares of the specialty retailer’s stock worth $2,325,000 after purchasing an additional 25,922 shares in the last quarter. Finally, Millennium Management LLC increased its position in Five Below by 121.5% during the 4th quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock worth $52,642,000 after purchasing an additional 435,463 shares in the last quarter.
Shares of Five Below (NASDAQ FIVE) opened at $68.25 on Wednesday. The stock has a market cap of $3,720.64, a P/E ratio of 44.03, a P/E/G ratio of 0.96 and a beta of 0.62. Five Below has a 1 year low of $37.32 and a 1 year high of $73.55.
About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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