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Xenon Pharmaceuticals Target of Unusually High Options Trading (NASDAQ:XENE)
Xenon Pharmaceuticals (NASDAQ:XENE) experienced unusually high options trading activity, with traders acquiring 4,063 put options, a 2,362% increase over the average, signaling bearish sentiment. This comes despite the stock having a consensus “Buy” rating and trading higher on the reported day. The article also notes significant insider selling, including a large transaction by the CEO, alongside institutional inflows and various analyst ratings.