NEW YORK (AVAFIN) -- Focus Media Holding options established a new 90-day record for traded call and put contracts. A total of 53,501
put and 48,249 call contracts were traded raising a 1.11 put/call ratio on shares of FMCN
Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of
investor behavior. Unusual options volume provides reliable clues that the stock is expected to
make a move.
Focus Media Holding, Ltd. is engaged in selling out-of home television advertising time slots on its network of flat-panel television advertising displays located in high traffic areas such as commercial locations and in-store network.
Focus Media Holding settled the day up $0.22 to $25.74 in the previous trading session. Today's
trading range was between $25.52 and $25.97 respectively. On the volume side, 8M shares were
traded, which is greater than the average volume of 1M shares. FMCN is trading
above the 50 day moving average and higher than the 200 day
moving average. The stock's 52 week low is $16.80 and 52 week high is $30.08. Performance indicators show that the stock has gained 7.95% within the last quarter.
The stock has a P/E ratio of 17.36 and a dividend yield of 1.60%.
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