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China Finance Online (NASDAQ:JRJC) was the recipient of some unusual options trading on Wednesday. Traders bought 2,871 put options on the stock, ARN reports. This is an increase of 700% compared to the typical volume of 359 put options.

Separately, analysts at TheStreet downgraded shares of China Finance Online from a “hold” rating to a “sell” rating in a research note on Monday, June 23rd.

China Finance Online (NASDAQ:JRJC) traded up 13.35% during mid-day trading on Wednesday, hitting $9.17. 9,689,490 shares of the company’s stock traded hands. China Finance Online has a one year low of $1.61 and a one year high of $9.65. The stock’s 50-day moving average is $4.42 and its 200-day moving average is $4.6. The company’s market cap is $200.3 million.

China Finance Online (NASDAQ:JRJC) last issued its quarterly earnings data on Friday, June 20th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $26.50 million.

China Finance Online Co Limited (NASDAQ:JRJC) is a provider of vertically integrated financial services and products, including news, data, analytics and brokerage through Web portals, software systems and mobile handsets.

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