Applied Aerospace & Defense Target of Unusually Large Options Trading (NYSE:AADX)

Applied Aerospace & Defense, Inc. (NYSE:AADX) saw unusually large options trading on Thursday. Stock traders purchased 8,736 call options on the stock. This represents an increase of approximately 10,554% compared to the typical daily volume of 82 call options.

Applied Aerospace & Defense Stock Up 15.2%

Shares of AADX traded up $2.79 during trading hours on Thursday, reaching $21.20. 1,041,124 shares of the company traded hands, compared to its average volume of 2,891,652. Applied Aerospace & Defense has a fifty-two week low of $17.08 and a fifty-two week high of $21.52.

Insider Transactions at Applied Aerospace & Defense

In other news, Director James C. Katzman purchased 25,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director directly owned 29,250 shares in the company, valued at approximately $585,000. The trade was a 588.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan D. Lynch purchased 8,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, with a total value of $160,000.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at approximately $160,000. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 58,500 shares of company stock valued at $1,170,000.