NEW YORK (AVAFIN) -- A record number of Questcor Pharmaceuticals call contracts were traded during the busy trading session. There
were 1.0 call contracts traded for each put contract yielding a 0.98 put/call ratio
where 3,652 put and 3,709 call contracts exchanged hands.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of
investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and
that investors expect the underlying stock to decrease in value. In contrast, a low put/call
ratio suggests that the investor sentiment is bullish and that the underlying stock is expected
to increase in value. Unusual volume provides reliable clues that the stock is expected to
make a move.
Shares of Questcor Pharmaceuticals gained $2.97 (+7.34%) to $43.45. The last trading session witnessed a
low of $40.68 and high of $44.13 during the day. The current trading volume of 2M is greater
than average volume of 2M shares. QCOR is trading above the 50 day moving average
and higher than the 200 day moving average. The stock's 52 week low is $19.26 and 52 week high is $45.95. Performance indicators show that the stock has gained 20.73% within the last quarter.