JOANN Target of Unusually Large Options Trading (NASDAQ:JOAN)

JOANN Inc. (NASDAQ:JOANGet Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 8,243 call options on the stock. This is an increase of 1,658% compared to the average volume of 469 call options.

Institutional Investors Weigh In On JOANN

Several large investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in shares of JOANN by 141.5% during the second quarter. UBS Group AG now owns 3,383 shares of the company’s stock valued at $26,000 after purchasing an additional 1,982 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of JOANN by 86.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,800 shares of the company’s stock valued at $31,000 after purchasing an additional 1,300 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in shares of JOANN during the third quarter valued at $33,000. JPMorgan Chase & Co. increased its holdings in shares of JOANN by 153.4% during the fourth quarter. JPMorgan Chase & Co. now owns 14,962 shares of the company’s stock valued at $43,000 after purchasing an additional 9,058 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of JOANN during the fourth quarter valued at $64,000. 72.10% of the stock is owned by institutional investors and hedge funds.

JOANN Price Performance

Shares of NASDAQ JOAN opened at $0.11 on Thursday. JOANN has a 1-year low of $0.08 and a 1-year high of $2.19. The business’s fifty day moving average price is $0.36 and its two-hundred day moving average price is $0.51. The firm has a market capitalization of $4.44 million, a PE ratio of -0.02 and a beta of 0.99.

About JOANN

(Get Free Report)

JOANN Inc operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States. The company products in sewing category include cotton fabrics; warm fabrics, such as fleece and flannel fabrics; home decorating and utility fabrics and accessories; fashion and sportswear fabrics; special occasion fabrics; pillow forms; stuffing, batting, and foams; seasonally themed and licensed fabric designs; and sewing construction supplies comprising cutting implements, threads, zippers, trims, tapes, pins, elastic, and buttons, as well as patterns for sewing projects.

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