NEW YORK (AVAFIN) -- In todays's trading session, put contracts traded at a higher than usual pace. Put volume
was larger than the average ten day volume of 2,534. However, intraday activities
yielded 12,658 put contracts.
The ratio skew implies that investors are hedging their positions in anticipation of a stock move.
Today's unusual volume activity confirms that traders are re-balancing their portfolios.
Shares of GameStop edged up $0.09 (+0.51%) to $17.83. The price of the stock ranged
between a low of $17.11 and $17.91 respectively. The trading volume of 8M is above
the 90 day average volume of 3M shares. The technical momentum Relative Strength Index indicator shows oversold conditions. GME is trading below the 50
day moving average. The stock's 52 week low is $17.39 and 52 week high is $27.80. Within the last quarter, the shares have lost -23.71% of their value.
The stock has a P/E ratio of 7.41 and a dividend yield of 1.69%.