14,136 call options traded in Target Hospitality on May 9, a 1,244% increase from average volume, following hedge fund stake changes and positive earnings report.
Target Hospitality (TH) saw a surge in call option trading on May 9, with 14,136 call options bought, a 1,244% increase from the average volume of 1,052 call options. This activity followed recent changes in hedge funds' stakes in the company. The company reported earnings of $0.20 EPS for the quarter ended May 8, beating analyst estimates by $0.05, and its revenue for the quarter was $106.70 million, exceeding analyst expectations of $101.97 million.
June 27, 2024
5 Articles