Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders purchased 10,753 call options on the company. This represents an increase of 282% compared to the average volume of 2,816 call options.
Unusual Machines Stock Up 39.5%
UMAC traded up $3.43 during midday trading on Friday, reaching $12.12. The company had a trading volume of 26,565,527 shares, compared to its average volume of 2,304,324. The business has a 50-day moving average of $7.05 and a two-hundred day moving average of $8.49. The company has a market cap of $300.94 million, a P/E ratio of -3.12 and a beta of 23.28. Unusual Machines has a 1 year low of $1.28 and a 1 year high of $23.62.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in UMAC. Geode Capital Management LLC grew its holdings in shares of Unusual Machines by 329.3% in the fourth quarter. Geode Capital Management LLC now owns 43,214 shares of the company's stock valued at $727,000 after purchasing an additional 33,148 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Unusual Machines in the fourth quarter valued at $298,000. Covestor Ltd purchased a new stake in shares of Unusual Machines during the 1st quarter valued at about $85,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Unusual Machines in the 1st quarter valued at about $80,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Unusual Machines in the fourth quarter worth about $209,000.
About Unusual Machines
(
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Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.
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