Shares of PMC-Sierra PMCS are lower on the session by 1.57%, currently trading at $5.64. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average.
Options traders are focusing on calls today. A short while ago the January 2012 $7.50 call traded 4,800 times on open interest of 2,640 contracts.
PMC-Sierra, Inc. is an Internet infrastructure semiconductor solutions provider. The company designs, develops, markets and supports semiconductor solutions through a network of offices in North America, Europe and Asia.
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