Traders Purchase Large Volume of RadioShack Corp. Call Options (RSH)

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Shares of RadioShack Corp. (NYSE:RSH) were the recipient of some unusual options trading activity on Friday. Stock investors purchased 22,983 call options on the stock, AnalystRatings.Net reports. This represents an increase of 574% compared to the average volume of 3,408 call options.

Separately, analysts at S&P Equity Research upgraded shares of RadioShack Corp. to a “hold” rating in a research note to investors on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.39.

Shares of RadioShack Corp. (NYSE:RSH) opened at 2.42 on Monday. RadioShack Corp. has a 52 week low of $2.02 and a 52 week high of $4.36. The stock’s 50-day moving average is $2.40 and its 200-day moving average is $2.92. The company’s market cap is $242.4 million.

RadioShack Corporation (NYSE:RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain.

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