Investors Buy Large Volume of RadioShack Put Options (RSH)
Shares of RadioShack (NYSE:RSH) saw some unusual options trading on Thursday. Stock traders bought 2,930 put options on the stock, Analyst Ratings Net reports. This is an increase of 186% compared to the typical daily volume of 1,024 put options.
RSH has been the subject of a number of recent research reports. Analysts at Wed reiterated a “buy” rating on shares of RadioShack in a research note on Wednesday, June 11th. Analysts at B. Riley reiterated a “sell” rating on shares of RadioShack in a research note on Wednesday, June 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $1.00.
Shares of RadioShack (NYSE:RSH) traded up 8.13% on Thursday, hitting $0.67. The stock had a trading volume of 2,979,390 shares. RadioShack has a one year low of $0.55 and a one year high of $4.36. The stock has a 50-day moving average of $0.73 and a 200-day moving average of $1.51. The company’s market cap is $67.4 million.
RadioShack (NYSE:RSH) last announced its earnings results on Tuesday, June 10th. The company reported ($0.97) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.51) by $0.46. The company had revenue of $736.70 million for the quarter, compared to the consensus estimate of $764.31 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis. Analysts expect that RadioShack will post $-3.33 EPS 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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