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

Strive, Inc. (NASDAQ:ASST) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 2,558,404 call options on the company. This represents an increase of approximately 6,880% compared to the average volume of 36,655 call options.

Hedge Funds Weigh In On Strive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASST. Hudson Bay Capital Management LP acquired a new position in Strive in the second quarter valued at about $27,778,000. Geode Capital Management LLC boosted its position 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 buying an additional 117,249 shares in the last quarter. XTX Topco Ltd acquired a new position in Strive in the second quarter valued at about $126,000. Creative Planning acquired a new position in Strive in the second quarter valued at about $79,000. Finally, Bellecapital International Ltd. acquired a new position in Strive in the second quarter valued at about $42,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Strive Stock Performance

Shares of Strive stock opened at $1.64 on Tuesday. The firm’s 50-day simple moving average is $3.67 and its 200-day simple moving average is $4.24. Strive has a twelve month low of $0.34 and a twelve month high of $13.42. The firm has a market cap of $27.26 million, a P/E ratio of -2.31 and a beta of 16.75.

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

Strive Company Profile

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.