Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Get Free Report) was the target of unusually large options trading activity on Friday. Traders purchased 10,753 call options on the company. This represents an increase of approximately 282% compared to the typical volume of 2,816 call options.
Hedge Funds Weigh In On Unusual Machines
Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC purchased a new position in shares of Unusual Machines in the fourth quarter worth about $25,000. Geode Capital Management LLC increased its stake in Unusual Machines by 329.3% in the 4th quarter. Geode Capital Management LLC now owns 43,214 shares of the company's stock worth $727,000 after purchasing an additional 33,148 shares during the period. NewEdge Advisors LLC purchased a new position in Unusual Machines in the 4th quarter worth approximately $84,000. Jane Street Group LLC bought a new stake in Unusual Machines in the fourth quarter valued at approximately $298,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Unusual Machines during the fourth quarter valued at approximately $209,000.
Unusual Machines Stock Performance
NYSEAMERICAN UMAC traded down $0.52 during trading hours on Monday, hitting $11.60. The company had a trading volume of 19,350,819 shares, compared to its average volume of 2,381,778. The firm has a 50 day simple moving average of $7.05 and a 200 day simple moving average of $8.55. Unusual Machines has a 52 week low of $1.28 and a 52 week high of $23.62. The firm has a market capitalization of $288.03 million, a price-to-earnings ratio of -2.99 and a beta of 23.28.
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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