ibusinesslines.com June 29, 2017

Bristol-Myers Squibb Target of Unusually High Options Trading (BMY)

20 April 2017, 05:47 | Kelvin Horton

The firm presently has a $60.09 price target on the biopharmaceutical company's stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

A number of other research analysts have also issued reports on BMY. The stock increased 1.50% or $0.27 on April 19, reaching $18.27. Vetr raised shares of Bristol-Myers Squibb from a "hold" rating to a "buy" rating and set a $61.64 price target for the company in a research report on Tuesday, March 21st. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Bristol-Myers Squibb in a research report on Saturday, January 21st.

Opdivo maker Bristol-Myers Squibb Co. announced the findings April 3 during an annual meeting of the American Association for Cancer Research in Washington, D.C. 1 analysts have the stock rated Hold, and 0 are giving a Sell recommendation.

Now the shares of Bristol-Myers Squibb Company (BMY) has a trading volume of 8.14 Million shares, with an average trading volume of 7340 shares - with shares dropping to a 52 week low of $45.68, and the company's shares hitting a 52 week high of $ 75.54.

Bristol-Myers Squibb Company's short ratio is at 1.79 and the float short is at 1.43%. The stock closing price is now trading upward to its 50 day moving average with change of 54.11%, escalated to its 20 day moving average with figure of 46.78% and behind its 200 day moving average with value -15.27%.

Bristol-Myers Squibb Company (BMY)'s distance from 200 day simple moving average is -7.17 percent, its distance from 50 day simple moving average is -3.11 percent, while its distance from 20 day simple moving average is -2.57 percent.

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future. $463,779 worth of Bristol-Myers Squibb Co (NYSE:BMY) was sold by Caldarella Joseph C on Wednesday, March 15. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. The company's quarterly revenue was up 22.3% on a year-over-year basis. The consensus recommendation for stock is 2.00.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Shareholders of record on Friday, April 7th will be paid a $0.39 dividend. The rating was initiated by Societe Generale with "Sell" on Wednesday, April 6. The Rhode Island-based Coastline has invested 0.31% in Bristol-Myers Squibb Co (NYSE:BMY).

TRADEMARK VIOLATION NOTICE: This story was originally posted by Markets Daily and is the sole property of of Markets Daily. Jefferies Maintains Bristol-Myers Squibb Company (BMY) to Hold with a price target of $57.

The stock now has its Annual Dividend of $1.56 and an annual Dividend Yield of 2.95 Percent. Following the transaction, the director now directly owns 952,571 shares of the company's stock, valued at approximately $50,733,931.46. Following the transaction, the senior vice president now directly owns 55,637 shares in the company, valued at $3,187,443.73. The shares were sold at an average price of $53.26, for a total transaction of $1,810,840.00. The disclosure for this sale can be found here. Over the last three months, the shares of the company have changed 47.01% and performed -30.38% over the last six months.

Institutional investors have recently added to or reduced their stakes in the company. First New York Securities LLC NY purchased a new stake in shares of Bristol-Myers Squibb during the third quarter valued at approximately $108,000.

02/22/2017 - Bristol-Myers Squibb Company had its "buy" rating reiterated by analysts at Argus. BlackRock Institutional Trust Company N.A. now owns 46,977,248 shares of the biopharmaceutical company's stock valued at $2,533,013,000 after buying an additional 2,517,496 shares during the period.

BMY has a 1-year high price of $ 75.54 and 1-year low price of $45.68. American National Bank now owns 1,919 shares of the biopharmaceutical company's stock worth $104,000 after buying an additional 508 shares during the period. Asset Management One Co. Blume Capital Management Inc. now owns 2,053 shares of the biopharmaceutical company's stock valued at $111,000 after buying an additional 48 shares in the last quarter.

Bristol-Myers Squibb Company's dividend payout ratio is now 58.87%.

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