Investors Buy Large Volume of Call Options on Riot Blockchain (RIOT)

Riot Blockchain Inc (NASDAQ:RIOT) saw unusually large options trading on Tuesday. Traders purchased 41,060 call options on the stock. This represents an increase of 1,094% compared to the average volume of 3,440 call options.

In other Riot Blockchain news, CEO John R. O’rourke III sold 30,383 shares of Riot Blockchain stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $28.61, for a total transaction of $869,257.63. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is owned by insiders.

Riot Blockchain (RIOT) traded up $1.03 during trading hours on Friday, reaching $21.88. The company had a trading volume of 1,674,948 shares, compared to its average volume of 9,620,000. Riot Blockchain has a twelve month low of $3.02 and a twelve month high of $46.20. The firm has a market cap of $211.36, a price-to-earnings ratio of -11.40 and a beta of 2.99.

Riot Blockchain (NASDAQ:RIOT) last announced its quarterly earnings results on Monday, November 13th. The technology company reported ($0.99) earnings per share (EPS) for the quarter. Riot Blockchain had a negative return on equity of 82.70% and a negative net margin of 11,828.57%.

Separately, BidaskClub lowered Riot Blockchain from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th.

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About Riot Blockchain

Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.

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