Stock Traders Purchase High Volume of Dangdang Call Options (DANG)

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Dangdang (NASDAQ:DANG) saw some unusual options trading activity on Thursday. Traders acquired 33,689 call options on the stock, Analyst RN reports. This represents an increase of 932% compared to the average volume of 3,263 call options.

A number of analysts have recently weighed in on DANG shares. Analysts at Thomson Reuters/Verus upgraded shares of Dangdang from a “hold” rating to a “buy” rating in a research note on Monday. Analysts at Zacks downgraded shares of Dangdang from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 2nd. They now have a $10.90 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.11.

Shares of Dangdang (NASDAQ:DANG) traded up 31.49% on Thursday, hitting $13.11. 24,136,544 shares of the company’s stock traded hands. Dangdang has a 52-week low of $3.70 and a 52-week high of $12.19. The stock’s 50-day moving average is $9.93 and its 200-day moving average is $9.54. The company’s market cap is $1.054 billion.

Dangdang (NASDAQ:DANG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $325.70 million for the quarter, compared to the consensus estimate of $315.83 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Analysts expect that Dangdang will post $-0.41 EPS for the current fiscal year.

E-Commerce China Dangdang Inc (NASDAQ:DANG) is a holding company.

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