Shares of Genworth Financial, Inc. GNW are higher on the session by 0.65%, currently trading at $12.30. The stock has been moving largely lower over the past six months and is trading below both the 50-day and 200-day moving averages.
Options traders are buying puts on the name as well. A short while ago the October $12.00 put was purchased 3,400 times, on the offer, on open interest of 1,833 contracts.
Put volume is running at 2.31x the daily average, 89% on the offer.
Genworth Financial, Inc. is a financial security company dedicated to providing insurance, wealth management, investment and financial solutions to more than 15 million customers, with a presence in more than 25 countries. As of December 31, 2009, the company operated through three segments: Retirement and Protection, International and U.S. Mortgage Insurance.
For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in