Investors Purchase Large Volume of Put Options on Intrexon (NASDAQ:XON)

Share on StockTwits

Intrexon Corp (NASDAQ:XON) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 2,424 put options on the stock. This represents an increase of 1,094% compared to the average volume of 203 put options.

Shares of NASDAQ:XON opened at $6.53 on Thursday. The company has a current ratio of 3.91, a quick ratio of 3.57 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $868.13 million, a P/E ratio of -4.77 and a beta of 1.84. Intrexon has a 52-week low of $3.95 and a 52-week high of $19.94.

Intrexon (NASDAQ:XON) last announced its earnings results on Thursday, May 9th. The biotechnology company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The business had revenue of $23.30 million for the quarter, compared to analysts’ expectations of $32.12 million. Intrexon had a negative return on equity of 26.52% and a negative net margin of 363.14%. The business’s revenue for the quarter was down 41.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.36) EPS. As a group, equities research analysts predict that Intrexon will post -1.17 earnings per share for the current fiscal year.

In related news, major shareholder Randal J. Kirk sold 41,678 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $0.67, for a total value of $27,924.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Randal J. Kirk sold 95,241 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $0.65, for a total value of $61,906.65. The disclosure for this sale can be found here. Over the last quarter, insiders bought 3,402,182 shares of company stock worth $15,739,033. Company insiders own 48.20% of the company’s stock.

Several brokerages recently issued reports on XON. Northland Securities cut Intrexon from an “outperform” rating to a “market perform” rating in a research note on Friday, March 1st. JMP Securities reissued a “buy” rating and issued a $43.00 price objective on shares of Intrexon in a research note on Wednesday, March 6th. Finally, BidaskClub raised Intrexon from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.60.

COPYRIGHT VIOLATION WARNING: “Investors Purchase Large Volume of Put Options on Intrexon (NASDAQ:XON)” was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/4369714/investors-purchase-large-volume-of-put-options-on-intrexon-nasdaqxon-2.html.

Intrexon Company Profile

Intrexon Corporation operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that consist of key genetic components. Its technologies include UltraVector gene design and fabrication platform, and its associated library of modular DNA components; Cell Systems Informatics; RheoSwitch inducible gene switch; AttSite Recombinases; Protein Engineering; Laser-Enabled Analysis and Processing; and ActoBiotics and AdenoVerse technology platforms.

Read More: Hedge Funds – How They Work For Investors

Receive News & Ratings for Intrexon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrexon and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Republic Services, Inc.  Holdings Lifted by The Manufacturers Life Insurance Company
Republic Services, Inc. Holdings Lifted by The Manufacturers Life Insurance Company
QUALCOMM, Inc.  Stake Increased by The Manufacturers Life Insurance Company
QUALCOMM, Inc. Stake Increased by The Manufacturers Life Insurance Company
Luminex Co.  Shares Bought by Neuberger Berman Group LLC
Luminex Co. Shares Bought by Neuberger Berman Group LLC
Dell Inc.  Shares Bought by Commonwealth Equity Services LLC
Dell Inc. Shares Bought by Commonwealth Equity Services LLC
Blocktrade Token  Price Reaches $0.0224
Blocktrade Token Price Reaches $0.0224
Kennedy Capital Management Inc. Acquires New Holdings in Luther Burbank Corp
Kennedy Capital Management Inc. Acquires New Holdings in Luther Burbank Corp


© 2006-2019 Ticker Report