MetroPCS Communications Inc (PCS) $10.27 -0.68%
MetroPCS (PCS) is down 4 cents to $10.30 in active trading of 1.4 million shares, which is almost double the expected volume. Options activity is picking up as well, with 4,200 calls and 190 puts traded on the stock so far. Mar 12 calls, which are 16.5 percent OTM and expiring in three and a half weeks, are the most actives. 2750 traded. Mar 11 and 13 calls are seeing interest as well. Briefing is reporting AT&T for PCS chatter today. Some of the activity might also be related to earnings. MetroPCS is due to report Thursday morning. Shares tumbled 10 percent on 11/1 after earnings were reported. A one-day slide sent shares tumbling nearly 37 percent on 8/2. The average daily post-earnings move in PCX over the past four quarters is 15.7 percent.
Category: All Stocks, Mid Cap Stocks, Mobile Telecommunications
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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.
