NEW YORK (AVAFIN) -- Barrick Gold Corporation options contracts experienced a new 90-day record for call contracts where a total
of 13,643 call contracts were traded in the busy trading session. The contract spread
yielded a 0.29 put/call ratio where 3.5 call contracts were traded for each put contract.
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
ABX is trading below the 50 day moving average and lower than
the 200 day moving average. Barrick Gold Corporation opened at $33.73 and the stock price rose $0.16 (+0.47%)
to $34.26 during the market session. ABX is trading between the range of $33.71 - $34.69.
To date, the stock has lost -2.74% within the last month.
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