Traders Purchase High Volume of Call Options on Hello Group (NASDAQMOMO)

Image for article Traders Purchase High Volume of Call Options on Hello Group (NASDAQMOMO)
News Source : ETF Daily News

News Summary

  • Hello Group Inc
  • (NASDAQ:MOMO) was the recipient of unusually large options trading on Thursday
  • Stock investors purchased 7,730 call options on the stock
  • This is an increase of 960% compared to the average daily volume of 729 call options
  • Several analysts have weighed in on MOMO shares
  • Citigroup lifted their target price on shares of Hello Group from $5
  • 90 to $7
  • 00 and gave the stock a “neutral” rating
Hello Group Inc. (NASDAQMOMO Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors purchased 7,730 call options on the stock. This is an increase of 96 [+3580 chars]

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