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Sunday, 08/10/2014 11:03:17 PM

Sunday, August 10, 2014 11:03:17 PM

Post# of 19165
http://www.mideasttime.com/traders-purchase-high-volume-of-national-bank-of-greece-put-options-nbg/193019/

Traders Purchase High Volume of National Bank of Greece Put Options (NBG)
Posted by Pezhman Azimi on Aug 9th, 2014

Shares of National Bank of Greece (NYSE:NBG) saw some unusual options trading on Friday. Traders bought 1,699 put options on the stock, AmericanBankingNews.com reports. This represents an increase of approximately 302% compared to the typical volume of 423 put options.
A number of research firms have recently commented on NBG. Analysts at Renaissance Capital upgraded shares of National Bank of Greece from a “sell” rating to a “buy” rating in a research note on Monday, July 7th. Separately, analysts at Goldman Sachs initiated coverage on shares of National Bank of Greece in a research note on Tuesday, July 1st. They set a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of National Bank of Greece in a research note on Wednesday, June 11th. They set a “sell” rating and a $99.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. National Bank of Greece has an average rating of “Hold” and a consensus target price of $99.00.
National Bank of Greece (NYSE:NBG) traded up 2.00% on Friday, hitting $3.06. 3,558,542 shares of the company’s stock traded hands. National Bank of Greece has a 52 week low of $2.90 and a 52 week high of $6.48. The stock has a 50-day moving average of $3.50 and a 200-day moving average of $4.24. The company has a market cap of $7.333 billion and a P/E ratio of 4.26.

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