Amentum Sees Unusually High Options Volume (NYSE:AMTM)

Amentum Holdings, Inc. (NYSE:AMTM) saw unusually large options trading activity on Tuesday. Traders bought 11,482 call options on the stock. This represents an increase of approximately 227% compared to the average daily volume of 3,516 call options.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Arrow Financial Corp acquired a new stake in shares of Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE purchased a new stake in Amentum in the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new stake in Amentum during the 3rd quarter valued at $32,000. Signaturefd LLC purchased a new position in Amentum during the third quarter worth $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum in the third quarter valued at $35,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMTM shares. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. Royal Bank of Canada began coverage on Amentum in a research report on Friday. They set a “sector perform” rating and a $24.00 target price on the stock. Finally, Truist Financial started coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company.

Amentum Stock Performance

NYSE AMTM traded up $0.40 during trading on Tuesday, reaching $23.22. The company’s stock had a trading volume of 2,068,633 shares, compared to its average volume of 2,638,418. Amentum has a twelve month low of $18.38 and a twelve month high of $34.50. The business’s fifty day moving average is $23.84.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.