Kratos Defense Options Volume Surges to 27,252 Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Surge in Options Volume: Kratos Defense's options volume reached 27,252 contracts, equivalent to approximately 2.7 million shares, which is 118.4% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Demand Options: The $110 strike call option saw 1,704 contracts traded today, representing about 170,400 underlying shares, reflecting investor confidence in Kratos' potential for future price appreciation.
- Avis Budget Options Activity: Avis Budget Group's options trading volume stood at 6,209 contracts, equivalent to approximately 620,900 shares, reaching 107.7% of its average daily trading volume over the past month, showcasing ongoing market interest in its stock.
- Active Put Option Trading: The $125 strike put option recorded a trading volume of 4,224 contracts, representing around 422,400 shares, indicating investor concerns regarding potential downside risks for Avis Budget in the near future.
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Analyst Views on CAR
Wall Street analysts forecast CAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAR is 122.00 USD with a low forecast of 105.00 USD and a high forecast of 142.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
0 Buy
4 Hold
2 Sell
Moderate Sell
Current: 115.100
Low
105.00
Averages
122.00
High
142.00
Current: 115.100
Low
105.00
Averages
122.00
High
142.00
About CAR
Avis Budget Group, Inc. is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, as well as several other brands. Its brands offer a range of options, from car and truck rental to car sharing. Its segments include Americas and International. The Americas segment consists primarily of vehicle rental operations in North America, South America, Central America and the Caribbean and operates car-sharing operations in certain of these markets. The International segment consists of vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, and operates car-sharing operations in certain of these markets. The Avis brand provides vehicle rental and other mobility solutions at price points generally above non-branded and value-branded vehicle rental companies and serves the premium commercial and leisure segments of the travel industry. Its other brands include Payless, Apex, AmicoBlu, Maggiore, Morini Rent, FranceCars, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Coherent Corp (COHR) Options Trading Volume Hits 1.6 Million Shares
- Active Options Trading: Coherent Corp's options trading volume reached 15,999 contracts, equivalent to approximately 1.6 million shares, representing about 41.9% of its average daily trading volume of 3.8 million shares over the past month, indicating significant market interest in the stock.
- High Volume Analysis: The $190 strike put option has seen particularly high activity today, with 3,700 contracts traded, representing around 370,000 underlying shares, reflecting investor expectations of potential price declines in the future.
- Matson Inc Options Activity: Concurrently, Matson Inc recorded an options trading volume of 1,128 contracts, equivalent to approximately 112,800 shares, or about 41.2% of its average daily trading volume of 274,105 shares over the past month, showcasing the stock's market activity.
- Bullish Call Options: For Matson Inc, the $170 strike call option has traded 307 contracts, involving approximately 30,700 shares, indicating investor confidence in the company's potential for future price increases.
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High Short Interest in U.S. Electrical Sector, Plug Power at 25.36%
- Concentration of Shorts: The latest short-interest data reveals a significant concentration of short sellers in the U.S. electrical components and equipment sector, particularly among clean-energy and power-technology companies, indicating a bearish sentiment in the market.
- Heavily Shorted Stocks: Plug Power has a short interest of 25.36%, with Sunrun and NANO Nuclear Energy at 25.70% and 25% respectively, suggesting that investors are cautious about these companies' future performance, which may impact their stock price stability.
- Small-Cap Performance: In contrast, smaller-cap stocks in construction, engineering, and environmental services show lower short interest, reflecting a relatively strong market confidence in these sectors, potentially attracting more investor interest.
- Market Dynamics Analysis: Among large-cap stocks, PureCycle and MP Materials exhibit high short interest, while Greif and ICL show minimal short risk, reflecting varying market perceptions regarding the future prospects of different companies.
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