Symantec Corporation Could Rise a Lot According to The Today’s Call Option Activity

 Symantec Corporation Could Rise a Lot According to The Today's Call Option Activity

In today’s session Symantec Corporation (SYMC) registered an unusually high (562) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SYMC increase. With 562 contracts traded and 50054 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SYMC170120C00025000 closed last at: $1.12 or 1.8% up. About 3.10 million shares traded hands. Symantec Corporation (NASDAQ:SYMC) has risen 35.63% since April 13, 2016 and is uptrending. It has outperformed by 31.70% the S&P500.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Out of 19 analysts covering Symantec (NASDAQ:SYMC), 9 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 47% are positive. Symantec has been the topic of 40 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of SYMC in a report on Monday, August 22 with “Buy” rating. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, March 11. The rating was initiated by Guggenheim with “Buy” on Thursday, September 15. Argus Research downgraded Symantec Corporation (NASDAQ:SYMC) on Friday, December 4 to “Hold” rating. The rating was maintained by RBC Capital Markets on Wednesday, August 12 with “Sector Perform”. The stock has “Hold” rating given by Wunderlich on Tuesday, August 11. The rating was maintained by S&P Research on Wednesday, August 12 with “Buy”. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Hold” rating by FBR Capital on Tuesday, August 11. The firm earned “Equal-Weight” rating on Friday, August 5 by Barclays Capital. Wunderlich maintained Symantec Corporation (NASDAQ:SYMC) on Thursday, April 28 with “Hold” rating.

According to Zacks Investment Research, “Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. The company is a leading provider of anti-virus protection, Internet content and e-mail filtering, and mobile code detection technologies to enterprise customers.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.06, from 0.86 in 2016Q1. The ratio worsened, as 62 funds sold all Symantec Corporation shares owned while 194 reduced positions. 62 funds bought stakes while 144 increased positions. They now own 560.92 million shares or 1.60% less from 570.06 million shares in 2016Q1.
Blackrock Japan Company reported 866,237 shares or 0.06% of all its holdings. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 30,000 shares. Old Mutual Global Investors (Uk) has invested 0.09% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Glob X Mngmt Ltd Liability last reported 0.01% of its portfolio in the stock. Calamos Llc has invested 0.01% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Henderson Grp Public Ltd Co has 79,908 shares for 0.01% of their US portfolio. Guardian has 0% invested in the company for 60 shares. Moreover, Walleye Trading Ltd Com has 0.01% invested in Symantec Corporation (NASDAQ:SYMC) for 73,846 shares. Qs Llc accumulated 0.19% or 1.06M shares. Moreover, New Mexico Educational Retirement Board has 0.07% invested in Symantec Corporation (NASDAQ:SYMC) for 74,797 shares. Moreover, Breithorn Mngmt has 2.89% invested in Symantec Corporation (NASDAQ:SYMC) for 183,810 shares. Moreover, Janney Montgomery Scott has 0.02% invested in Symantec Corporation (NASDAQ:SYMC) for 73,028 shares. Spirit Of America Mgmt Corporation reported 21,100 shares or 0.06% of all its holdings. Canada Pension Plan Invest Board accumulated 1.73M shares or 0.14% of the stock. Commerzbank Aktiengesellschaft Fi reported 44,096 shares or 0.01% of all its holdings.

Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 8 insider sales for $2.49 million net activity. On Wednesday, June 15 the insider Vautrinot Suzanne M sold $71,250. 13,214 shares were sold by Fey Michael David, worth $322,423 on Friday, October 14. TAYLOR SCOTT C had sold 40,000 shares worth $1.00M. On Thursday, September 15 the insider Cappellanti-Wolf Amy L. sold $385,026. Shares for $83,000 were sold by Rosch Francis C. Garfield Mark S. also sold $222,344 worth of Symantec Corporation (NASDAQ:SYMC) shares.

Symantec Corporation provides security and information management solutions. The company has a market cap of $14.93 billion. The Firm operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. It currently has negative earnings. It is developing solutions for cloud, threat protection, information protection and cyber security services.

SYMC Company Profile

Symantec Corporation, incorporated on April 19, 1988, provides security and information management solutions. The Firm operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. The Firm is developing solutions for cloud, threat protection, information protection and cyber security services. The Firm operates through two divisions: Consumer Security and Enterprise Security. The Company’s services include business critical services, consulting services, customer success services, cyber security services and education services.

More news for Symantec Corporation (NASDAQ:SYMC) were recently published by: Profitconfidential.com, which released: “Symantec Corporation: The SYMC Stock Chart Can’t Be Ignored” on October 18, 2016. Seekingalpha.com‘s article titled: “Bloomberg: Symantec considering potential acquisition of LifeLock” and published on November 14, 2016 is yet another important article.

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