NEW YORK (Market Intellisearch) -- PetSmart options saw high put activity today. A total of 1,704 put and 38 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 44.84. There were 44.84 puts traded for each call contract.
Put/Call ratio is often used to measure investor sentiment,
the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests
that the investor sentiment is bearish and that investors expect the underlying stock
to decrease in value. In contrast, a low Put/Call ratio suggests that the investor
sentiment is bullish and that the underlying stock is expected to increase in value.
Unusual volume provides reliable clues that the stock is expected to make a move.
PetSmart closed at $32.43 in the last trading session and opened today at $32.63.
The stock price declined $0.42 (-1.30%) to $32.01 in today's trading session.
PETM is trading between the range of $31.93 - $32.70.
Volume is 717,812 in relation to the three month average volume of 1,215,010 shares.
PETM is trading above the 50 day moving average and higher
than the 200 day moving average. The stock's 52 week low is $19.50 and 52 week high is $34.93.
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