NEW YORK (AVAFIN) -- A new 3-month trading record was established on both the call and put side for shares of Vringo.
A total of 16,061 call and 9,017 put contracts were traded raising a low put/call volume alert.
There were 0.6 puts traded for each call contract yielding a 0.56 put/call ratio.
Unusual volume provides reliable clues that the stock is expected to make a move. Investors
can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio
suggests that the overall investment sentiment is bearish and that investors expect the
underlying stock to decrease in value. Conversely, a low put/call ratio implies that
investor sentiment is bullish based on the large amount of call options.
Vringo is trading at $3.50, up $0.58 (+19.86%) in today's trading session.
The daily low is $2.86 and the high is $3.50. The trading volume of 10M is above
the average volume of 7M shares. VRNG is trading above 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. Performance indicators show that the stock has lost -17.75% within the last month.
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Vringo Inc provides products for mobile video entertainment and personalization. Its current flagship product is Vringo Video Ringtone platform that allows user to create, download & share mobile entertainment content in form of video ringtones etc.