Origin Agritech (SEED) Shares On Citadel Stake Increase
By David Lipton
February 16, 2010 4:03 PM
February 16, 2010 4:03 PM
Symbols: Origin Agritech
Posted in: Movers & Shakers, Options
Citadel Holdings reported they had purchased 187,345 shares in Schedule 13G of Origin Argitech (NASDAQ: SEED). This caused a 1$ price spike in late trading, currently trading at 9.53 with 5 minutes to go in the session.
Options traders eagerly bought up the February 10 calls, these are front month options. They are pricing in a move above the 10$ level before close of trading on Friday.
Origin Argitech's shares have been subject to takeover chatter as of recently.
52 week range: 1.70 - 15.02
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