
Stock Traders Purchase Large Volume of Enbridge Put Options (NYSE:ENB)

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Enbridge Inc. (NYSE:ENB) experienced a significant surge in put options trading, with 20,216 options purchased, marking a 1,036% increase from the average daily volume. Institutional investors have also been active, with Norges Bank acquiring a new position worth approximately $909 million and Arrowstreet Capital increasing its holdings by 396.7%. Enbridge's stock opened at $43.73, with a market cap of $95.28 billion and a P/E ratio of 25.42. Analysts have set a price target of $67.00, indicating a "Moderate Buy" rating for the stock.
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