Shares of Parker Hannifin Corp. PH are higher on the session by 3.46%, currently trading at $64.27. The stock has been moving largely higher over the past four weeks and has regained the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. The August $60.00 call was purchased 2,000 times, on the offer, earlier in the session; open interest on the strike is just 1,207 contracts.
Call volume is now running at 7.21x the daily average.
Parker-Hannifin Corporation is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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