Yandex (NASDAQ:YNDX) was the recipient of some unusual options trading on Wednesday. Investors acquired 1,814 put options on the stock. This represents an increase of approximately 1,437% compared to the average daily volume of 118 put options. Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Yandex from a “strong sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Friday, October 1st. HSBC upgraded… Source link
Read More »Unusually ‘generous’ unemployment benefits weighing on job market rebound: Goldman Sachs
Goldman Sachs thinks the surprisingly lackluster April jobs report could be partially explained on the generosity of Uncle Sam. “We see two partial explanations for the payrolls disappointment. First, reopening effects likely overlapped with normal seasonal hiring patterns, resulting in less-impressive job gains on a seasonally-adjusted basis. Second, labor supply appears to be tighter than the unemployment rate suggests, likely reflecting the impact of unusually generous unemployment… Source link
Read More »Yandex Target of Unusually High Options Trading (NASDAQ:YNDX)
Yandex (NASDAQ:YNDX) saw unusually large options trading activity on Tuesday. Stock investors acquired 7,627 call options on the company. This is an increase of 1,573% compared to the typical daily volume of 456 call options. Several hedge funds have recently modified their holdings of the company. Royal London Asset Management Ltd. raised its stake in shares of Yandex by 4.7% in the 1st quarter. Royal London Asset Management Ltd. now owns 106,168 shares of the information services… Source link
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