NEW YORK (AVAFIN) -- A new 3-month trading record was established on both the call and put side for shares of Gulfport Energy.
A total of 3,993 call and 4,620 put contracts were traded raising a low put/call volume alert.
There were 1.2 puts traded for each call contract yielding a 1.16 put/call ratio.
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Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying equity. A high put/call ratio
suggests that the investor sentiment is bearish and that investors are expecting the underlying
stock price to decrease. On the other hand, a low put/call ratio implies that the investor
sentiment is bullish and that investors are expecting the underlying stock price to increase.
Thus, unusual volume provides reliable clues that the stock is expected to make a move.
Gulfport Energy opened at $41.19 and the stock price declined $1.20 (2.84%)
to $41.07 in the last trading session. GPOR is trading between the range of
$37.57 - $41.80. Performance indicators show that the stock has gained 30.02% within the last quarter.