Traders Buy Large Volume of Call Options on Eightco (NASDAQ:ORBS)

Eightco Holdings Inc. (NASDAQ:ORBS - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders purchased 15,160 call options on the stock. This is an increase of approximately 74% compared to the average daily volume of 8,705 call options. NASDAQ ORBS traded up $0.21 during trading hours on Tuesday, hitting $1.11. The company's stock had a trading volume of 13,596,657 shares, compared to its average volume of 17,569,072. Eightco has a 12 month low of $0.57 and a 12 month high of $49.47. The company's 50 day simple moving average is $0.71 and its two-hundred day simple moving average is $0.87. The company has a market cap of $479.20 million, a P/E ratio of -5.04 and a beta of 2.13. Eightco (NASDAQ:ORBS - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter. Eightco had a negative net margin of 1,260.96% and a negative return on equity of 78.14%. The business had revenue of $2.07 million for the quarter. A number of research firms have recently commented on ORBS. Wall Street Zen upgraded shares of Eightco from a "strong sell" rating to a "sell" rating in a report on Saturday, May 23rd. Weiss Ratings restated a "sell (e+)" rating on shares of Eightco in a report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell". View Our Latest Analysis on Eightco In other news, CEO Kevin O'Donnell purchased 200,000 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $0.92 per share, for a total transaction of $184,000.00. Following the purchase, the chief executive officer directly owned 1,246,485 shares in the company, valued at approximately $1,146,766.20. This trade represents a 19.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.44% of the stock is currently owned by corporate insiders. Several institutional investors and hedge funds have recently added to or reduced their stakes in ORBS. Mozayyx Management LLC bought a new stake in Eightco in the 4th quarter worth approximately $28,438,000. Alyeska Investment Group L.P. bought a new position in shares of Eightco during the 4th quarter valued at $21,136,000. Pantera Capital Partners LP purchased a new position in shares of Eightco in the 4th quarter worth $20,144,000. Anson Funds Management LP purchased a new position in shares of Eightco in the 4th quarter worth $14,219,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Eightco in the fourth quarter worth $4,657,000. Hedge funds and other institutional investors own 12.85% of the company's stock. Eightco Holdings Inc provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider Eightco, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eightco wasn't on the list. While Eightco currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.