Put Volume Grows on Conns Inc. (CONN)

Shares of Conns Inc. CONN are lower on the session by 3.48%, currently trading $7.22. The stock has been selling off over the past few weeks and is now trading below the 50-day and 200-day moving averages. Put volume is growing on the name today; though the action has been mostly small lots, put volume is now running at 25.49x the daily average. The heaviest of the action is focused on the $7.50 strike in July. Conn's Inc. is a specialty retailer and provider of consumer finance for purchases of a variety of durable consumer products for the home.