Nuance Communications, Inc. (NUAN)

[eastunder]

Nuance Communications Target of Unusually Large Options Trading (NUAN)

Posted by Hossein Forouzandeh on Mar 15th, 2014

(Where is this writer? I posted this post on the 14th. Yet - he wrote it on the "15th". Uhhh? LOL)


http://www.mideasttime.com/nuance-communications-target-of-unusually-large-options-trading-nuan-2/96741/


Shares of Nuance Communications (NASDAQ:NUAN) were the target of some unusual options trading activity on Friday. Investors acquired 20,746 call options on the stock, AnalystRatings.Net reports. This is an increase of approximately 575% compared to the average volume of 3,075 call options.

NUAN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Nuance Communications in a research note on Tuesday, February 11th. They now have a $17.00 price target on the stock. Finally, analysts at Oppenheimer reiterated an “outperform” rating on shares of Nuance Communications in a research note on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.70.




Nuance Communications (NASDAQ:NUAN) traded up 6.69% during mid-day trading on Friday, hitting $15.95. The stock had a trading volume of 14,443,579 shares. Nuance Communications has a 1-year low of $13.00 and a 1-year high of $23.38. The stock’s 50-day moving average is $15.25 and its 200-day moving average is $16.24. The company’s market cap is $5.059 billion.

Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.