Shares of Genworth Financial Inc. GNW are higher on the session by 4.34%, currently trading at $13.21. The stock has been trading largely lower over the past three months and is struggling to regain the 200-day moving average.
Options traders are buying calls on the name today, betting that the stock could rally. The July $14.00 call was purchased 8,900 times, on the offer, on open interest of 2,090 contracts.
Call volume is now running at 2.89x the daily average.
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.
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