NEW YORK (Market Intellisearch) -- Alkermes options saw high put activity today. A total of 1,184 put and 115 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 10.30. There were 10.30 puts traded for each call contract.
A significant increase in the trading volume of a stock's option often is a precursor of movement by the underlying stock.
In such instances, Put/Call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall
investor sentiment is bearish and a low Put/Call ratio implies that the overall sentiment is bullish.
Alkermes (ALKS) closed at $13.38 in the last trading session and opened today at $13.31. ALKS is
trading at $13.06, down $0.32 (-2.39%) in today's trading session. The daily
low is $13.00 and the high is $13.54. The trading volume of 542,219 is below the
average volume of 1,035,150 shares. ALKS is trading above the 50 day moving
average and higher than the 200 day moving average.
The stock's 52 week low is $7.54 and 52 week high is $14.19.
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