Investors Buy High Volume of Sogou Call Options (SOGO)

Sogou Inc (NYSE:SOGO) was the target of some unusual options trading on Wednesday. Stock investors purchased 1,950 call options on the stock. This represents an increase of 1,910% compared to the typical volume of 97 call options.

Shares of Sogou (NYSE:SOGO) opened at $11.44 on Friday. Sogou has a 12 month low of $10.85 and a 12 month high of $14.70.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Sogou in a research note on Thursday, December 7th. They issued an “overweight” rating and a $17.00 price target for the company. Credit Suisse Group assumed coverage on Sogou in a research note on Monday, December 4th. They issued an “outperform” rating and a $16.30 price target for the company.

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Sogou Company Profile

Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.

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