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Traders Purchase High Volume of Call Options on FuelCell Energy (NASDAQ:FCEL)
FuelCell Energy (NASDAQ:FCEL) experienced unusual options trading activity on Tuesday, with traders purchasing 35,208 call options, a 572% increase over the typical daily volume. The stock traded up 3.2% to $8.93, with significantly higher share volume than average. Despite recent downgraded ratings and a consensus “Reduce” recommendation with an $8.24 target price, institutional investors have shown mixed activity, with some increasing and others initiating positions.