Stock Traders Purchase Large Volume of Riot Blockchain Call Options (RIOT)

Riot Blockchain Inc (NASDAQ:RIOT) was the target of unusually large options trading on Tuesday. Stock traders acquired 41,060 call options on the company. This represents an increase of approximately 1,094% compared to the typical daily volume of 3,440 call options.

Separately, BidaskClub lowered Riot Blockchain from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th.

Shares of Riot Blockchain (RIOT) traded up $1.03 during trading on Friday, hitting $21.88. The stock had a trading volume of 1,674,948 shares, compared to its average volume of 9,620,000. The stock has a market capitalization of $211.36, a price-to-earnings ratio of -11.40 and a beta of 2.99. Riot Blockchain has a 1 year low of $3.02 and a 1 year high of $46.20.

Riot Blockchain (NASDAQ:RIOT) last posted its earnings results on Monday, November 13th. The technology company reported ($0.99) earnings per share (EPS) for the quarter. Riot Blockchain had a negative net margin of 11,828.57% and a negative return on equity of 82.70%.

In other Riot Blockchain news, CEO John R. O’rourke III sold 30,383 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $28.61, for a total value of $869,257.63. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

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Riot Blockchain Company Profile

Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.

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