- Nutanix ( NASDAQ: NTNX ) rose 6.9% amid some bullish options trading for the cloud platform provider.
- Trading of Nutanix ( NTNX ) options jumped to more than 12x the 20-day daily average, Bloomberg highlighted. The most active contracts, include Jan. 20, 2035 $25 calls, with 7,550 trades.
- The Nutanix ( NTNX ) move comes after some takeover speculation in late May after the company eliminated its dual-class structure . Nutanix shares have plunged 45% YTD before Thursday and the stock dipped 23% on May 26 when the company guided Q4 below consensus.
- Recall in August 2020, private equity firm Bain agreed to invest $750 million in Nutanix.
- Nutanix ( NTNX ) short interest is 3.8%.
- In late June Barclays started coverage on Nutanix ( NTNX ) with an overweight rating and highlighted its "attractive" valuation and strong financials.
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Nutanix gains amid bullish options trades