Put Volume Grows on Inverness Medical (IMA)

Shares of Inverness Medical Innovations Inc. IMA are higher on the session by 2.77%, currently trading $34.66. The stock has been cascading lower for the better part of five months and is now trading well below the 50-day and 200-day moving averages, which is a bearish sign. Put volume is growing on the name as well today; though most trades have been in small lots, out volume is now running at 2.58x the daily average. 74% of all puts traded have been purchases on the offer. Inverness Medical Innovations, Inc. is a global developer, manufacturer and marketer of advanced consumer and professional medical diagnostic products.