Riverbed Technology (RVBD) is seeing seven times its normal trading volume, with noticable buying in the May and June call options. A total of 29,000 calls have traded, compared to only 634 puts. The stock fell to $13.73 a share this morning, and not far from its all-time low of $13.60 on its first day of trading in September 2006. However, there is no obvious news to explain the volatility in the share price and RVBD has since rebounded to $14.41 a share. Earnings due in late April. Company presents at ComputerWorld Storage Newtorking World conference next week.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.