Unusual Trading Activity for Maxim Integrated Products Inc. (MXIM)
Posted on 07/28/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Maxim Integrated Products Inc. options saw high put activity today. A total of 2,877 put and 392 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 7.34. There were 7.34 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.
Shares of Maxim Integrated Products Inc. closed at $18.54 in the previous trading session and opened today at $18.44.
MXIM is currently trading at $18.29, down $0.25 (-1.35%) in today's trading session.
The shares of the stock are trading between $18.21 and $18.66.
Today's volume of 3,160,025 shares is less than the average volume of 4,854,800 shares.
MXIM is trading above the 50 day moving average and lower than the 200 day moving average.
The stock's 52 week low is $15.80 and 52 week high is $21.36.
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