NEW YORK (AVAFIN) -- A record number of Symantec Corporation call contracts were traded during the busy trading session. There
were 1.2 call contracts traded for each put contract yielding a 0.85 put/call ratio
where 4,145 put and 4,859 call contracts exchanged hands.
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of Symantec Corporation closed at $14.56, up $0.26 (+1.82%) in the last trading session.
Today's volume of 6M shares is less than the average volume of 7M
shares. SYMC is trading below the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $14.23 and 52 week high is $20.00.
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