NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. Today, a total of 51 block trades were
recorded, typically at least 10,000 shares of stock or more represent a single block unit.
Further examination shows that the bought value of the shares was $7,910,268
versus the sold value of $10,282,570. The negative cash flow of
$2,372,302 out of the stock shows that investors have bearish
sentiment.
View all Block Trading Activities
On the options side, investors traded a total of 35,510 contracts.
Specifically, 29,473 call and 6,037 put contracts were traded yesterday yielding a 0.20
put/call ratio.
Shares of Direxion Daily Financial Bear 3X Shares closed at $24.63, down $0.89 (3.49%) in the last trading session.
Today's volume of 15M shares is less than the average volume of 18M
shares. FAZ is trading below the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $24.50 and 52 week high is $81.50.
