SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 1,200 call options on the company. This is an increase of 1,438% compared to the typical volume of 78 call options.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in SIGA Technologies by 28.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,382 shares of the company's stock worth $808,000 after purchasing an additional 29,442 shares in the last quarter. State of Wyoming raised its holdings in SIGA Technologies by 163.5% during the fourth quarter. State of Wyoming now owns 45,668 shares of the company's stock worth $274,000 after purchasing an additional 28,339 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in SIGA Technologies during the fourth quarter worth about $83,000. ProShare Advisors LLC raised its holdings in SIGA Technologies by 26.6% during the fourth quarter. ProShare Advisors LLC now owns 16,424 shares of the company's stock worth $99,000 after purchasing an additional 3,455 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in SIGA Technologies by 53.3% during the fourth quarter. Deutsche Bank AG now owns 41,804 shares of the company's stock worth $251,000 after purchasing an additional 14,527 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.
SIGA Technologies Stock Down 0.4 %
NASDAQ SIGA traded down $0.02 during trading hours on Friday, hitting $5.69. 529,775 shares of the stock were exchanged, compared to its average volume of 862,608. The company has a market cap of $406.29 million, a price-to-earnings ratio of 4.74 and a beta of 0.98. SIGA Technologies has a 12-month low of $4.75 and a 12-month high of $12.83. The stock has a 50-day moving average of $6.02 and a 200 day moving average of $6.77.
SIGA Technologies Company Profile
(
Get Free Report)
SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.
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