Chindata Group Holdings Limited (NASDAQ:CD – Get Rating) was the target of some unusual options trading activity on Friday. Investors acquired 2,215 call options on the stock. This is an increase of approximately 980% compared to the average volume of 205 call options.
Chindata Group Stock Performance
Shares of CD stock traded up $0.53 during trading hours on Friday, hitting $8.23. 246,298 shares of the company were exchanged, compared to its average volume of 2,616,619. The firm has a fifty day simple moving average of $7.80 and a 200 day simple moving average of $7.05. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Chindata Group has a 52-week low of $3.75 and a 52-week high of $10.69. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 35.00 and a beta of 0.84.
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Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in shares of Chindata Group during the 1st quarter worth $25,000. PNC Financial Services Group Inc. lifted its stake in Chindata Group by 116.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,709 shares of the company's stock worth $42,000 after purchasing an additional 3,616 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in Chindata Group in the first quarter worth $1,179,000. Mercer Global Advisors Inc. ADV bought a new stake in Chindata Group in the first quarter worth $66,000. Finally, Prelude Capital Management LLC bought a new stake in Chindata Group in the second quarter worth $96,000. 22.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, TheStreet raised shares of Chindata Group from a "d+" rating to a "c-" rating in a research report on Friday, September 9th.
About Chindata Group
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Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.
Further Reading
- Get a free copy of the StockNews.com research report on Chindata Group (CD)
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