Full Truck Alliance Sees Unusually High Options Volume (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) was the recipient of unusually large options trading on Monday. Stock investors purchased 20,058 call options on the company. This is an increase of 5,249% compared to the average volume of 375 call options.

Full Truck Alliance Stock Performance

NYSE YMM opened at $8.09 on Tuesday. The stock’s fifty day moving average is $6.98 and its two-hundred day moving average is $6.73. The firm has a market capitalization of $8.95 billion, a P/E ratio of 36.77 and a beta of 0.21. Full Truck Alliance has a fifty-two week low of $5.41 and a fifty-two week high of $10.18.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. Full Truck Alliance had a return on equity of 4.88% and a net margin of 21.26%. The firm had revenue of $284.37 million for the quarter, compared to the consensus estimate of $273.30 million. As a group, sell-side analysts forecast that Full Truck Alliance will post 0.31 EPS for the current year.

Institutional Trading of Full Truck Alliance

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada purchased a new position in shares of Full Truck Alliance during the 3rd quarter worth approximately $30,000. Shen Neil Nanpeng acquired a new position in Full Truck Alliance in the first quarter valued at $55,000. Tobam acquired a new position in Full Truck Alliance in the first quarter valued at $57,000. Advisors Asset Management Inc. raised its position in Full Truck Alliance by 88.5% in the third quarter. Advisors Asset Management Inc. now owns 8,116 shares of the company’s stock valued at $57,000 after purchasing an additional 3,811 shares during the period. Finally, XTX Topco Ltd purchased a new position in Full Truck Alliance in the first quarter valued at about $67,000. 39.02% of the stock is owned by institutional investors and hedge funds.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.