Altaba Inc (NASDAQ:AABA) was the target of unusually large options trading on Thursday. Investors bought 31,735 put options on the stock. This is an increase of 1,261% compared to the typical daily volume of 2,331 put options.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its position in shares of Altaba by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,158 shares of the company’s stock valued at $820,000 after buying an additional 170 shares in the last quarter. ETF Managers Group LLC increased its holdings in Altaba by 9.7% during the 1st quarter. ETF Managers Group LLC now owns 1,932 shares of the company’s stock worth $143,000 after purchasing an additional 171 shares in the last quarter. Sigma Planning Corp increased its holdings in Altaba by 5.3% during the 1st quarter. Sigma Planning Corp now owns 3,750 shares of the company’s stock worth $278,000 after purchasing an additional 189 shares in the last quarter. SOL Capital Management CO increased its holdings in Altaba by 1.4% during the 4th quarter. SOL Capital Management CO now owns 14,590 shares of the company’s stock worth $845,000 after purchasing an additional 200 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in Altaba by 76.3% during the 1st quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.
Shares of AABA traded down $0.51 during trading hours on Friday, reaching $71.87. The stock had a trading volume of 5,882,184 shares, compared to its average volume of 4,899,985. Altaba has a 52 week low of $54.75 and a 52 week high of $82.45.
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Altaba Company Profile
Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.
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