NEW YORK (AVAFIN) -- The volume of call contracts outweighed put contracts during the last trading session.
There were 2.0 calls traded for every put contract yielding a 0.50 put/call ratio.
Specifically, 3,265 put and 6,494 call contracts were traded.
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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.
Cameco opened at $19.98 and the stock price rose $0.70 (+3.51%)
to $20.67 during the market session. CCJ is trading between the range of
$19.94 - $20.70. Within the last quarter, the shares have lost -10.48% of their value.
Volume is 2M in relation to the three month
average volume of 2M shares. CCJ is trading above the 50
day moving average and lower than the 200 day moving average.