Xunlei Sees Unusually Large Options Volume (XNET)
Xunlei Limited (NASDAQ:XNET) was the target of some unusual options trading on Tuesday. Stock traders acquired 1,835 put options on the company. This represents an increase of approximately 684% compared to the average daily volume of 234 put options.
Xunlei (NASDAQ XNET) opened at $24.91 on Friday. Xunlei has a 52 week low of $3.11 and a 52 week high of $27.00.
XNET has been the subject of a number of recent research reports. ValuEngine upgraded Xunlei from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. TheStreet upgraded Xunlei from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. Finally, BidaskClub upgraded Xunlei from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th.
Several institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Xunlei by 8.6% in the 2nd quarter. State Street Corp now owns 99,693 shares of the software maker’s stock valued at $323,000 after purchasing an additional 7,880 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Xunlei by 92.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock valued at $223,000 after purchasing an additional 25,130 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of Xunlei by 234.8% in the 3rd quarter. Susquehanna International Group LLP now owns 60,218 shares of the software maker’s stock valued at $256,000 after purchasing an additional 42,230 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Xunlei in the 3rd quarter valued at about $300,000. Hedge funds and other institutional investors own 11.67% of the company’s stock.
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Xunlei Company Profile
Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.
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