NEW YORK (AVAFIN) -- Cree options set a new 90-day record for the number of call contracts that exchanged
hands between the buyers and the sellers. Aggregate volume of puts was 9,584 and calls
was 13,532 equating to a 0.71 put/call ratio.
Options can be used as predictors of stock behavior. Investors can use put/call ratios as
technical indicators to read for signs of institutional sentiment. The put/call ratios
offer insight to investors and can be used as either a direct or contrarian indicator
for trading decisions. Unusual volume provides reliable clues that the stock is expected
to make a move.
LED lights have much longer useful lives than incandescent bulbs. Although LEDs have higher up-front costs, they have an overall lower cost to customers over the entire life of the product.
Additionaly, Cree is one of the technological leaders in the LED industry, as its highest-performing chips are brighter per watt than those of most competitors.
Shares of Cree gained $0.02 (+0.08%) to $23.92. The last trading session witnessed a
low of $23.49 and high of $24.30 during the day. The current trading volume of 2M is less
than average volume of 3M shares. CREE is trading below the 50 day moving average
and lower than the 200 day moving average. The stock's 52 week low is $20.25 and 52 week high is $33.45. Within the last month, shares of CREE have lost -25.74% of their value.