NEW YORK (AVAFIN) -- During the last trading session, a new 90-day call record for traded contracts was established.
There were 5.4 calls traded for every put contract yielding a 0.18 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.
Shares of General Motors Company closed at $28.67, up $0.12 (+0.42%) in the last trading session.
Today's volume of 9M shares is less than the average volume of 10M
shares. GM is trading above the 50 day moving average and higher
than the 200 day moving average. The stock's 52 week low is $18.72 and 52 week high is $30.68.