Put Volume Grows on Genoptix (GXDX)

Shares of Genoptix Inc. GXDX are lower on the session by 6.35%, currently trading $26.15. The stock has fallen off a cliff as of late and is now trading well below the 50-day and 200-day moving averages. Genoptix recently reported first-quarter profit declined 10% on a prior-year item despite double-digit percentage growth in revenue and patient cases. Shares sank as the laboratory-services provider's results fell short of Wall Street's expectations. I am seeing put volume grow in the name once again with volume now running at 5.09x the daily average. 88% of all puts traded have been purchases on the offer, which signals general bearish sentiment. Genoptix, Inc. is a specialized laboratory service provider focused on delivering personalized and diagnostic services to community-based hematologists and oncologists (hem/oncs).