WhiteFiber Sees Unusually Large Options Volume (NASDAQ:WYFI)

Key Points

• WhiteFiber, Inc. (NASDAQ:WYFI) experienced an unusual surge in options trading, with 2,995 put options purchased, marking a 600% increase over its normal volume.
• A consensus rating of "Moderate Buy" has been established for WYFI shares, with analysts setting a target price of $29.80.
• The stock's closing price on Friday was $26.79, with a 12-month range between $14.01 and $27.67.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) was the target of unusually large options trading activity on Friday. Stock traders purchased 2,995 put options on the company. This is an increase of approximately 600% compared to the average daily volume of 428 put options.

WhiteFiber Trading Up 2.6%

WhiteFiber stock traded up $0.73 during mid-day trading on Tuesday, reaching $28.75. 907,949 shares of the company's stock were exchanged, compared to its average volume of 1,157,363. WhiteFiber has a twelve month low of $14.01 and a twelve month high of $29.53.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Macquarie assumed coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued an "outperform" rating and a $28.00 target price on the stock. Wall Street Zen cut WhiteFiber from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Craig Hallum initiated coverage on WhiteFiber in a report on Tuesday, September 2nd. They issued a "buy" rating and a $25.00 target price for the company. Zacks Research raised shares of WhiteFiber to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 target price on shares of WhiteFiber in a research note on Thursday, September 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.80.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”).