Stock Traders Buy High Volume of Call Options on Strive (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) saw unusually large options trading activity on Tuesday. Investors purchased 2,558,404 call options on the company. This represents an increase of 6,880% compared to the average volume of 36,655 call options.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research report on Friday, September 26th.

Strive Price Performance

ASST opened at $1.64 on Tuesday. The company has a market cap of $27.26 million, a price-to-earnings ratio of -2.31 and a beta of 16.75. The firm has a 50 day simple moving average of $3.67 and a 200 day simple moving average of $4.24. Strive has a fifty-two week low of $0.34 and a fifty-two week high of $13.42.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.17) earnings per share for the quarter. Strive had a negative return on equity of 246.95% and a negative net margin of 996.98%.

Institutional Investors Weigh In On Strive

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hudson Bay Capital Management LP bought a new stake in shares of Strive during the second quarter worth approximately $27,778,000. Geode Capital Management LLC increased its stake in Strive by 362.6% in the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after purchasing an additional 117,249 shares in the last quarter. XTX Topco Ltd bought a new stake in Strive in the second quarter valued at approximately $126,000. Creative Planning bought a new stake in Strive in the second quarter valued at approximately $79,000. Finally, Bellecapital International Ltd. bought a new stake in Strive in the second quarter valued at approximately $42,000. 5.52% of the stock is owned by institutional investors.

About Strive

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.