NEW YORK (AVAFIN) -- A new 3-month trading record was established on both the call and put side for shares of The Dow Chemical Company.
A total of 12,790 call and 18,527 put contracts were traded raising a low put/call volume alert.
There were 1.4 puts traded for each call contract yielding a 1.45 put/call ratio.
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Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of
investor behavior. Unusual options volume provides reliable clues that the stock is expected to
make a move.
Organized in 1897, Dow is one of the world's largest chemical and materials companies; manufacturing and supplying a wide variety of intermediaries and building blocks to just about every industry on the planet, including automotive, agriculture, industrial, construction, health-care, and consumer products. Dow has customers in 160 countries, annual sales nearing $60 billion, and 50,000 employees. In search of faster growth, the company is pushing into emerging regions and focusing on technology-driven end markets.
Because a good deal of Dow's recent cost savings come from structural moves such as head count reductions and permanent plant closures, we expect the majority of them will hold.
Additionaly, After a rocky start to the Dow and Rohm and Hass marriage, the combined company is on track to meet its synergy targets.
The Dow Chemical Company (DOW) opened today at $34.88 and is currently trading at $36.08, up $1.45 (+4.19%) during
last trading session. Performance indicators show that the stock has gained 4.25% within the last week.
The daily low is $34.82 and the high is $36.08. The trading volume
of 16M is above the average volume of 8M shares.