Express Scripts Inc (ESRX) $46.41 +0.09%
Bearish activity detected in Express Scripts (ESRX), with 6290 puts trading, or 2x the recent avg daily put volume in the name. Shares are up 15 cents to $46.52 and August 45 puts are the most actives, with 3115 traded and ISE data hinting at opening customer buyers. Nov 40 and Sep 45 puts are seeing interest as well. Shares are up in 6 of the past eight days and have now recouped all of the losses sustained on July 22. On that day, shares sank 6.8 percent in sympathy with Medco Health Solutions (MHS), which tumbled on earnings. ESRX reported its results on July 28.
Category: All Stocks, Health Care Equipment & Services, Large Cap Stocks
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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.
