Pete Najarian Is Watching Action In Genworth Financial (GNW)

Pete Najarian said on CNBC's Fast Money that he spotted unusual options activity in Genworth Financial, Inc. GNW on Tuesday. He explained that the volume in the January 14 calls was around 14,000 contracts, and normally Genworth Financial (GNW) is a light trade. Pete Najarian added that Genworth Financial, Inc. (GNW) is the number one beta stock in the S&P 500, and this means that GNW will move much faster than the rest of the S&P 500. He believes that this stock is going to move higher. Genworth Financial, Inc. (GNW) gained 1.82% today, and closed at 1.82%. Its beta is 3.40.