Traders Purchase Large Volume of Call Options on Wrap Technologies (NASDAQ:WRAP)

Posted by Teresa Graham on Apr 18th, 2024

Wrap Technologies, Inc. (NASDAQ:WRAP – Get Free Report) saw some unusual options trading on Thursday. Stock traders purchased 8,561 call options on the stock. This is an increase of approximately 626% compared to the typical volume of 1,180 call options.

Hedge Funds Weigh In On Wrap Technologies

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Wrap Technologies by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 1,100,799 shares of the company’s stock valued at $3,412,000 after buying an additional 34,974 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Wrap Technologies during the 4th quarter worth approximately $32,000. Main Street Group LTD acquired a new position in shares of Wrap Technologies in the 4th quarter worth approximately $90,000. Occudo Quantitative Strategies LP bought a new stake in shares of Wrap Technologies in the 4th quarter valued at $31,000. Finally, Symmetry Peak Management LLC acquired a new stake in shares of Wrap Technologies during the fourth quarter worth $66,000. Institutional investors own 8.82% of the company’s stock.

Wrap Technologies Price Performance

NASDAQ WRAP traded up $0.29 during trading hours on Thursday, reaching $2.20. The company’s stock had a trading volume of 360,936 shares, compared to its average volume of 568,500. The firm has a fifty day simple moving average of $3.01 and a 200-day simple moving average of $2.76. Wrap Technologies has a 52 week low of $0.95 and a 52 week high of $7.01. The stock has a market cap of $97.26 million, a P/E ratio of -5.45 and a beta of 1.44.

About Wrap Technologies

(Get Free Report)

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.