Stock Traders Buy High Volume of Put Options on Solstice Advanced Mat (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the recipient of unusually large options trading activity on Tuesday. Traders bought 20,777 put options on the stock. This is an increase of 4,302% compared to the typical daily volume of 472 put options.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SOLS shares. UBS Group boosted their price target on Solstice Advanced Mat from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen downgraded Solstice Advanced Mat from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Royal Bank Of Canada started coverage on Solstice Advanced Mat in a research report on Monday, November 10th. They set a “sector perform” rating and a $50.00 target price for the company. Mizuho assumed coverage on Solstice Advanced Mat in a report on Friday, October 31st. They set a “neutral” rating and a $54.00 price target on the stock. Finally, Alembic Global Advisors initiated coverage on shares of Solstice Advanced Mat in a research report on Monday, December 1st. They issued an “overweight” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Solstice Advanced Mat Stock Up 6.1%

NASDAQ:SOLS traded up $3.18 during mid-day trading on Tuesday, hitting $55.19. 908,793 shares of the company’s stock traded hands, compared to its average volume of 2,145,554. The company has a market capitalization of $8.76 billion and a price-to-earnings ratio of -136,911.76. The firm’s 50 day moving average price is $47.69. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $61.00.

Hedge Funds Weigh In On Solstice Advanced Mat

An institutional investor recently bought a new position in Solstice Advanced Mat stock. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,498 shares of the company’s stock, valued at approximately $2,259,000.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.