Shares of Gymboree Corp. GYMB are lower on the session by 2.07%, currently trading at $41.66. The stock has been moving largely sideways for the past three months after a sell off in early May.
Options traders are buying calls on the name today. The August $42.00 call was purchased, on the offer, 1,750 times; there was no open interest on the strike, which signals new, bullish positioning on the name.
Call volume is now running at 6.23x the daily average.
The Gymboree Corporation is a specialty retailer operating stores selling apparel and accessories for children under the GYMBOREE, GYMBOREE OUTLET, JANIE AND JACK and Crazy 8 brands, as well as play programs for children under the GYMBOREE PLAY & MUSIC brand.
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