Sharplink Gaming Sees Unusually High Options Volume (NASDAQ:SBET)

Sharplink Gaming Inc. (NASDAQ:SBET) was the target of unusually large options trading activity on Monday. Stock traders acquired 144,514 call options on the company. This is an increase of approximately 58% compared to the typical daily volume of 91,356 call options.

Sharplink Gaming Trading Down 12.9%

NASDAQ SBET opened at $25.25 on Tuesday. The firm’s 50 day moving average price is $21.05 and its two-hundred day moving average price is $10.35. Sharplink Gaming has a twelve month low of $2.26 and a twelve month high of $124.12.

Sharplink Gaming (NASDAQ:SBET) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($1.73) EPS for the quarter. Sharplink Gaming had a negative net margin of 94.08% and a negative return on equity of 162.25%. The company had revenue of $0.74 million for the quarter.

Insider Transactions at Sharplink Gaming

In related news, CFO Robert Michael Delucia bought 7,440 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of $6.72 per share, for a total transaction of $49,996.80. Following the transaction, the chief financial officer directly owned 14,107 shares of the company’s stock, valued at approximately $94,799.04. This represents a 111.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rob Phythian acquired 44,640 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was bought at an average price of $6.72 per share, with a total value of $299,980.80. Following the completion of the acquisition, the chief executive officer directly owned 57,349 shares of the company’s stock, valued at approximately $385,385.28. This represents a 351.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.50% of the stock is owned by company insiders.

Sharplink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.