NEW YORK (AVAFIN) -- Options traders were heavily trading options contracts during the market session
establishing a new 3-month volume record for shares of Vringo. A total of 5,881 put and
18,686 calls were traded equating to a 0.31 put/call ratio.
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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 Vringo declined $0.17 (4.63%) to $3.50 in today's trading session.
The price of VRNG ranged between $3.41 - $3.64. Volume is 3M in relation to the three
month average volume of 8M shares. VRNG is trading below the 50 day
moving average and higher than the 200 day moving average. The stock's 52 week low is $0.68 and 52 week high is $5.73. To date, the stock has gained 9.88% within the last quarter.
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