Investors Buy Large Volume of Put Options on Takeda Pharmaceutical (TAK)

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Takeda Pharmaceutical Co Ltd (NYSE:TAK) was the recipient of some unusual options trading on Thursday. Stock traders purchased 5,006 put options on the stock. This represents an increase of approximately 6,080% compared to the typical daily volume of 81 put options.

Several research firms have issued reports on TAK. Zacks Investment Research upgraded Takeda Pharmaceutical from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, April 30th. ValuEngine lowered Takeda Pharmaceutical from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Takeda Pharmaceutical in a research note on Tuesday, March 19th.

Shares of NYSE TAK traded up $0.15 during trading hours on Friday, reaching $17.53. 103,486 shares of the stock were exchanged, compared to its average volume of 2,650,255. The firm has a market cap of $28.17 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 62.15 and a beta of 0.66. The company has a current ratio of 1.22, a quick ratio of 2.81 and a debt-to-equity ratio of 0.92. Takeda Pharmaceutical has a 52 week low of $15.50 and a 52 week high of $21.95.

Several hedge funds and other institutional investors have recently made changes to their positions in TAK. First Hawaiian Bank bought a new position in shares of Takeda Pharmaceutical during the first quarter worth approximately $35,000. Dubuque Bank & Trust Co. bought a new position in shares of Takeda Pharmaceutical during the first quarter worth approximately $41,000. Dumont & Blake Investment Advisors LLC bought a new position in shares of Takeda Pharmaceutical during the first quarter worth approximately $230,000. Neville Rodie & Shaw Inc. bought a new position in shares of Takeda Pharmaceutical during the first quarter worth approximately $475,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Takeda Pharmaceutical during the first quarter worth approximately $28,000. Institutional investors own 4.42% of the company’s stock.

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Takeda Pharmaceutical Company Profile

Takeda Pharmaceutical Company Limited, together with its subsidiaries, engages in the research, development, manufacturing, and marketing of pharmaceutical products, over-the-counter medicines and quasi-drug consumer products, and other healthcare products. The company provides medicines in various therapeutic areas comprising gastroenterology, oncology, and neuroscience; and vaccines.

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