Investors Purchase Large Volume of China Finance Online Call Options (JRJC)
Shares of China Finance Online (NASDAQ:JRJC) were the recipient of unusually large options trading activity on Thursday. Stock investors bought 9,403 call options on the stock, Stock Ratings Network reports. This represents an increase of 821% compared to the average volume of 1,021 call 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 6.22% on Thursday, hitting $9.74. The stock had a trading volume of 34,800,248 shares. China Finance Online has a one year low of $1.61 and a one year high of $9.65. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $4.72. The company’s market cap is $212.7 million.
China Finance Online (NASDAQ:JRJC) last announced its earnings results 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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