From MarketBeat: CME Group Target of Unusually High Options Trading (NASDAQ:CME)

From MarketBeat:



CME Group Inc. experienced an increase in options trading activity on Tuesday, with 34,360 call options purchased, representing a 1,048% increase compared to the typical volume. The stock traded up at $214.80 and had a 1 year low of $166.54 and high of $223.80. The company has a market capitalization of $77.33 billion, a price-to-earnings-growth ratio of 2.17, and a beta of 0.43.

CME Group reported its earnings results on October 25th, exceeding analysts’ expectations with revenue of $1.34 billion and earnings per share of $2.25. The company also announced a dividend increase to be paid on January 18th. Director Bryan T. Durkin sold 5,560 shares of the stock, and insider Timothy Francis Mccourt sold 1,043 shares. Institutional investors and hedge funds have bought shares of CME Group as well.

CME Group has received mixed ratings from analysts, with one sell rating, four hold ratings, and five buy ratings, with an average price target of $217.00. The company, which operates contract markets for futures and options, has been the subject of price target increases and upgrades from various analysts in recent months.



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