Shares of Teradyne, Inc. TER are lower on the session by 0.58%, currently trading at $10.37. The stock has been moving largely lower over the past six months, making lower highs and lower lows. The Stochastics also point to an overbought stock.
Options traders are buying downside protection on shares as well. A short while ago the November $10.00 put was purchased 4,528 times, on the offer, for $0.70; there was no open interest on the strike.
Put volume is now running at 3.99x the daily average.
Teradyne, Inc. is a supplier of automatic test equipment. The company designs, develops, manufactures and sells automatic test systems and solutions used to test complex electronics in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries.
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