Investors in Iridium Communications Inc saw new options begin trading this week, for the May 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the IRDM options chain for the new May 18th contracts and identified one put and one call contract of particular interest.
In recent trading, shares of Iridium Communications Inc have crossed above the average analyst 12-month target price of $12.33, changing hands for $12.55/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
In recent trading, shares of Iridium Communications Inc have crossed above the average analyst 12-month target price of $12.33, changing hands for $12.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Investors in Iridium Communications Inc saw new options become available this week, for the February 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the IRDM options chain for the new February 16th contracts and identified one put and one call contract of particular interest.
Investors in Iridium Communications Inc saw new options begin trading this week, for the July 2018 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In trading on Friday, shares of Iridium Communications Inc crossed below their 200 day moving average of $10.24, changing hands as low as $10.00 per share. Iridium Communications Inc shares are currently trading down about 5.9% on the day.
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In recent trading, shares of Iridium Communications Inc have crossed above the average analyst 12-month target price of $12.19, changing hands for $12.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.