NEW YORK (AVAFIN) -- Today's trading session, revealed fascinating results for Clearwire Corporation. There was a low put/call ratio alert raised on shares of Clearwire Corporation. The increased call volume ran 5.4x the volume of put contracts yielding a 0.19 put/call ratio.
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Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low put/call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.
Clearwire's decision to pull back from the retail market should enable it to generate positive cash flow sooner. Additionaly, Clearwire owns a next-generation network that reaches more than a third of the U.S., and a deep spectrum position that will allow it to add capacity easily as wireless data demand grows.
Clearwire Corporation is currently trading at $2.47, up $0.07 (+2.92%) in today's trading session. The shares of the stock were trading between $2.36 and $2.58. Within the last quarter, the shares have gained 47.24% of their value. Todays's volume of 15M shares is less than the average volume of 19M shares. CLWR is trading above the 50 day moving average and higher than the 200 day moving average.