Investors Purchase Large Volume of Put Options on RadioShack Corp. (RSH)
RadioShack Corp. (NYSE:RSH) was the recipient of some unusual options trading on Monday. Investors purchased 16,577 put options on the company, AmericanBankingNews.com reports. This represents an increase of approximately 1,442% compared to the average daily volume of 1,075 put options.
Separately, analysts at Wedbush reiterated an “underperform” rating on shares of RadioShack Corp. in a research note to investors on Wednesday, October 23rd. They now have a $1.00 price target on the stock. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $2.36.
RadioShack Corp. (NYSE:RSH) opened at 2.57 on Tuesday. RadioShack Corp. has a one year low of $2.08 and a one year high of $4.36. The stock has a 50-day moving average of $2.7 and a 200-day moving average of $3.05. The company’s market cap is $257.4 million.
RadioShack Corp. (NYSE:RSH) last released its earnings data on Tuesday, October 22nd. The company reported ($1.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.36) by $0.75. The company had revenue of $805.00 million for the quarter, compared to the consensus estimate of $893.44 million. During the same quarter last year, the company posted ($0.33) earnings per share. RadioShack Corp.’s revenue was down 10.4% compared to the same quarter last year. On average, analysts predict that RadioShack Corp. will post $-2.09 earnings per share for the current fiscal year.
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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