SIGA Technologies Sees Unusually Large Options Volume (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw some unusual options trading on Wednesday. Stock traders bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the typical volume of 78 call options.

Hedge Funds Weigh In On SIGA Technologies

Several hedge funds have recently bought and sold shares of the company. Creative Planning grew its holdings in SIGA Technologies by 22.2% in the third quarter. Creative Planning now owns 39,137 shares of the company’s stock valued at $264,000 after purchasing an additional 7,114 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of SIGA Technologies in the 3rd quarter worth about $1,098,000. Principal Financial Group Inc. acquired a new stake in SIGA Technologies in the 3rd quarter valued at about $149,000. CWA Asset Management Group LLC purchased a new position in SIGA Technologies during the 3rd quarter valued at about $332,000. Finally, Victory Capital Management Inc. raised its position in SIGA Technologies by 5.8% during the third quarter. Victory Capital Management Inc. now owns 259,143 shares of the company’s stock worth $1,749,000 after acquiring an additional 14,286 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Stock Up 4.4 %

NASDAQ:SIGA opened at $5.71 on Friday. The firm’s fifty day simple moving average is $6.02 and its 200-day simple moving average is $6.82. The stock has a market cap of $407.72 million, a PE ratio of 4.76 and a beta of 0.98. SIGA Technologies has a fifty-two week low of $4.75 and a fifty-two week high of $12.83.

SIGA Technologies Company Profile

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.