SIGA Technologies, Inc. (NASDAQ:SIGA – Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average daily volume of 78 call options.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new position in SIGA Technologies in the third quarter valued at about $30,000. Teacher Retirement System of Texas boosted its holdings in SIGA Technologies by 19.9% in the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company’s stock valued at $77,000 after purchasing an additional 2,126 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in SIGA Technologies during the fourth quarter valued at approximately $78,000. EP Wealth Advisors LLC acquired a new stake in SIGA Technologies during the third quarter valued at approximately $82,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in SIGA Technologies during the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.
SIGA Technologies Stock Performance
Shares of SIGA opened at $6.04 on Thursday. The company has a market capitalization of $431.26 million, a P/E ratio of 5.03 and a beta of 0.94. SIGA Technologies has a one year low of $4.75 and a one year high of $12.83. The stock has a 50-day moving average price of $6.12 and a 200 day moving average price of $7.10.
SIGA Technologies Company Profile
SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.
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