Energous Corp Stock Was Bought By Options Traders

 Energous Corp Stock Was Bought By Options Traders

In today’s session Energous Corp (WATT) registered an unusually high (740) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WATT increase. With 740 contracts traded and 22094 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WATT161118C00015000 closed last at: $0.25 or 0% . About 34,579 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 24.37% since April 18, 2016 and is uptrending. It has outperformed by 19.94% the S&P500.

Energous Corp (NASDAQ:WATT) Ratings Coverage

Out of 2 analysts covering Energous Corp (NASDAQ:WATT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Energous Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Saturday, August 22 by Oppenheimer. Zacks upgraded the stock to “Hold” rating in Friday, August 14 report. Ladenburg Thalmann initiated Energous Corp (NASDAQ:WATT) on Monday, December 7 with “Buy” rating. The rating was maintained by Oppenheimer with “Buy” on Monday, September 21.

According to Zacks Investment Research, “Energous Corporation is a developer of a disruptive wire-free charging technology. It solutions enables wireless charging or powering of electronic devices at distance. The wireless charging solution, it is developing employs three dimensional (3D) pocketforming. Energous Corporation is headquartered in Pleasanton, California.”

Insitutional Activity: The institutional sentiment decreased to 2.05 in Q2 2016. Its down 1.66, from 3.71 in 2016Q1. The ratio dived, as 10 funds sold all Energous Corp shares owned while 4 reduced positions. 30 funds bought stakes while 22 increased positions. They now own 8.85 million shares or 92.55% more from 4.59 million shares in 2016Q1.
The Kansas-based Creative Planning has invested 0% in Energous Corp (NASDAQ:WATT). Leisure Capital Management reported 21,053 shares or 0.31% of all its holdings. Cwm Ltd Company has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT). Vanguard Gp last reported 0% of its portfolio in the stock. Teachers Advsr reported 24,113 shares or 0% of all its holdings. Doheny Asset Management Ca has invested 3.17% of its portfolio in Energous Corp (NASDAQ:WATT). Susquehanna Group Inc Llp owns 23,854 shares or 0% of their US portfolio. Tower Rech Ltd Liability Corporation (Trc) last reported 2,472 shares in the company. Parkside Bancorp Tru has invested 0.01% of its portfolio in Energous Corp (NASDAQ:WATT). Moreover, Morgan Stanley has 0% invested in Energous Corp (NASDAQ:WATT) for 25,395 shares. Quantbot Tech L P holds 1,914 shares or 0% of its portfolio. Blackrock Investment Mngmt Ltd Liability Company has 0% invested in the company for 56,535 shares. Wolverine Asset Ltd Liability has 0% invested in the company for 5,194 shares. Royal Bank Of Canada, a Ontario – Canada-based fund reported 20,968 shares. Strs Ohio owns 4,900 shares or 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 6 insider sales for $1.20 million net activity. Another trade for 1,853 shares valued at $25,664 was sold by Sereda Brian J. Tamkin Gregory S had sold 25,000 shares worth $264,250. $61,610 worth of Energous Corp (NASDAQ:WATT) was sold by Leabman Michael Aaron on Friday, September 30. Johnston Cesar sold $829,390 worth of Energous Corp (NASDAQ:WATT) on Friday, September 30. Gaulding John sold $5,062 worth of Energous Corp (NASDAQ:WATT) on Thursday, August 18.

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The company has a market cap of $285.46 million. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. It currently has negative earnings.

WATT Company Profile

Energous Corporation, incorporated on October 30, 2012, is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency (RF) wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. The Company’s technology can be utilized in a range of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet.

More news for Energous Corp (NASDAQ:WATT) were recently published by: Seekingalpha.com, which released: “Energous Corp – Founder & His Family Yell Sell” on October 11, 2016. Investorplace.com‘s article titled: “WATT Is Up in Energous Corp Stock?” and published on September 26, 2016 is yet another important article.

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