RadioShack Corp. Sees Unusually Large Options Volume (RSH)
Shares of RadioShack Corp. (NYSE:RSH) saw unusually large options trading on Friday. Stock investors purchased 12,176 call options on the company, American Banking & Market News reports. This represents an increase of approximately 102% compared to the average volume of 6,034 call options.
A number of analysts have recently weighed in on RSH shares. Analysts at Zacks upgraded shares of RadioShack Corp. (NYSE:RSH) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $3.25 price target on the stock. Separately, analysts at Oppenheimer reiterated a “market perform” rating on shares of RadioShack Corp. (NYSE:RSH) in a research note to investors on Monday, August 19th. Finally, analysts at RBC Capital cut their price target on shares of RadioShack Corp. (NYSE:RSH) from $3.00 to $2.50 in a research note to investors on Wednesday, July 24th. They now have a “sector perform” rating on the stock. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.39.
RadioShack Corp. (NYSE:RSH) traded down 11.11% during mid-day trading on Friday, hitting $3.44. 5,845,280 shares of the company’s stock traded hands. RadioShack Corp. has a 52 week low of $1.90 and a 52 week high of $4.36. The stock has a 50-day moving average of $3.44 and a 200-day moving average of $3.34. The company’s market cap is $343.0 million.
RadioShack Corp. (NYSE:RSH) last announced its earnings results on Tuesday, July 23rd. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.24) by $0.29. The company had revenue of $845.00 million for the quarter, compared to the consensus estimate of $814.56 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis.
RadioShack Corporation (NYSE:RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain.
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