Call Volume Grows in St. Joe (JOE)

Shares of St. Joe Co. JOE are lower on the session by 2.80%, currently trading $27.79. The stock has been falling sharply over the past few weeks, but seems to have bottomed near the $26 handle. Calls are being purchased in the name today with the June $30 call purchased 1,200 times on open interest of 1,476 contracts. Call volume is now running at 3.69x the daily average with 61% of all calls traded being purchases on the offer. The St. Joe Company is a real estate development company. The Company owns approximately 577,000 acres of land concentrated primarily in Northwest Florida.