Stock Traders Buy High Volume of Solstice Advanced Mat Put Options (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) saw unusually large options trading on Tuesday. Stock investors bought 20,777 put options on the stock. This is an increase of approximately 4,302% compared to the typical volume of 472 put options.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $55.01 on Wednesday. The stock has a 50-day moving average of $47.92. The stock has a market capitalization of $8.73 billion and a PE ratio of -136,911.76. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $61.00.

Analyst Upgrades and Downgrades

SOLS has been the topic of several research reports. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 7th. UBS Group upped their price target on shares of Solstice Advanced Mat from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Monday. Alembic Global Advisors assumed coverage on shares of Solstice Advanced Mat in a research note on Monday, December 1st. They issued an “overweight” rating and a $60.00 price objective on the stock. Mizuho assumed coverage on shares of Solstice Advanced Mat in a research report on Friday, October 31st. They set a “neutral” rating and a $54.00 target price for the company. Finally, Wall Street Zen cut shares of Solstice Advanced Mat from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Institutional Investors Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOLS. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $2,259,000. Parsons Capital Management Inc. RI bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth approximately $625,000. JFS Wealth Advisors LLC purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $121,000. Pathway Financial Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $89,000.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.