Stock Traders Purchase High Volume of Call Options on Altice USA (NYSE:ATUS)

From MarketBeat:

Altice USA experienced unusual options trading on Friday, with investors purchasing 1,781 call options on the stock, representing a 10% increase over the average volume. Institutional investors, including Vanguard Group and BlackRock, have recently modified their holdings, boosting their stakes in Altice USA. Analyst ratings by HSBC recently lowered their rating for Altice USA stock. Altice USA stock remained flat at $3.26 during Friday trading, and the company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates. Altice USA provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands.



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