Bullish option flow detected in Ardelyx with 8,598 calls trading, 1.7x expected, and implied vol increasing almost 8 points to 131.59%. Apr-24 10 calls and Mar-24 9 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.07. Earnings are expected on May 1st.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ARDX:
- Ardelyx to Participate at the Cowen 44th Annual Health Care Conference
- Ardelyx price target raised to $13 from $11 at H.C. Wainwright
- Ardelyx sees FY24 IBSRELA revenue $140M-$150M
- Ardelyx reports Q4 EPS (12c), consensus (9c)
- Ardelyx Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update