Full Truck Alliance Target of Unusually Large Options Trading (NYSE:YMM)

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) was the target of unusually large options trading on Thursday. Traders bought 3,002 put options on the company. This represents an increase of 328% compared to the typical volume of 701 put options.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM traded down $0.06 during trading hours on Thursday, hitting $9.83. The stock had a trading volume of 4,220,543 shares, compared to its average volume of 15,240,712. The stock’s fifty day simple moving average is $11.26 and its 200 day simple moving average is $12.08. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 18.54 and a beta of 0.22. Full Truck Alliance has a 1-year low of $9.45 and a 1-year high of $14.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of YMM. Hantz Financial Services Inc. raised its stake in shares of Full Truck Alliance by 642.0% during the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after purchasing an additional 3,274 shares in the last quarter. CoreCap Advisors LLC increased its stake in Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 4,000 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Full Truck Alliance in the 3rd quarter worth approximately $51,000. Finally, Shen Neil Nanpeng bought a new position in shares of Full Truck Alliance in the third quarter valued at approximately $93,000. Institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

YMM has been the topic of several research reports. Barclays cut their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Industrial Alliance Securities set a $8.00 price objective on Full Truck Alliance in a research note on Monday. Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. JPMorgan Chase & Co. cut shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $11.00 to $8.00 in a report on Monday. Finally, Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.71.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.