Investors Purchase High Volume of Vertical Aerospace Call Options (NYSE:EVTL) - MarketBeat

2022-10-09 09:48:55 By : Ms. Rita Law

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Vertical Aerospace Ltd. (NYSE:EVTL - Get Rating) saw unusually large options trading on Tuesday. Stock traders acquired 10,227 call options on the stock. This is an increase of approximately 124% compared to the average daily volume of 4,575 call options.Hedge Funds Weigh In On Vertical Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oasis Management Co Ltd. acquired a new stake in Vertical Aerospace in the fourth quarter worth approximately $67,000. Penserra Capital Management LLC lifted its position in shares of Vertical Aerospace by 54.4% during the 1st quarter. Penserra Capital Management LLC now owns 10,358 shares of the company's stock valued at $72,000 after acquiring an additional 3,651 shares during the last quarter. Polar Capital Holdings Plc acquired a new stake in shares of Vertical Aerospace during the 1st quarter valued at $154,000. JPMorgan Chase & Co. purchased a new stake in shares of Vertical Aerospace in the first quarter valued at $198,000. Finally, UBS Group AG lifted its holdings in shares of Vertical Aerospace by 1,048.3% in the first quarter. UBS Group AG now owns 32,325 shares of the company's stock valued at $225,000 after purchasing an additional 29,510 shares in the last quarter. 0.28% of the stock is owned by institutional investors. Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Raymond James assumed coverage on Vertical Aerospace in a research report on Wednesday, July 27th. They set a "market perform" rating for the company. Barclays cut their price target on Vertical Aerospace from $7.00 to $5.00 and set an "underweight" rating on the stock in a research note on Monday, September 12th.Vertical Aerospace Stock Up 13.7 %

Shares of NYSE:EVTL traded up $1.33 during trading on Tuesday, hitting $11.02. 50,933 shares of the company traded hands, compared to its average volume of 704,357. Vertical Aerospace has a one year low of $2.72 and a one year high of $18.44. The business's fifty day moving average is $6.91 and its 200-day moving average is $6.22. About Vertical Aerospace (Get Rating)

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.Recommended StoriesGet a free copy of the StockNews.com research report on Vertical Aerospace (EVTL)3 Safe Earnings Plays for a Risk-Off MarketTyson Foods Takes a Lickin’ and Keeps on Tickin’ LowerSmall-Cap Catalyst Pharma Is Among Market's Best Price Performers3 Stocks Growing Their Businesses for 2023China-Based EV Maker BYD Set For Big European, Japanese Expansion

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