Infinera Corp (NASDAQ:INFN) trading closed at $8.81, Molycorp Inc (NYSE:MCP)

Posted by sara Frank May 28, 2013 0 Comment 1598 views


Infinera Corp (NASDAQ:INFN): In Friday’s trading session, Infinera Corp (NASDAQ:INFN) dipped 1.20%. Its opening price of $8.95 rose to touch an intraday high of $9.05 which eventually headed down to close at $8.81 per share. Over 8.53 million shares exchanged hands in the last trading session. This number stood above the average volume of 2.08 million that was measured over a 30-day period.

Infinera Corp (NASDAQ:INFN) is a provider of optical networking equipment, services and software to Internet content providers, communications service providers, subsea network operators and cable operators across the world. As of 29 December 2012, 111 Service Providers have chosen Infinera’s optical architecture platform to grow and manage their optical networks efficiently. Infinera manufactures large-scale photonic integrated circuits that are commercially-deployed. The company’s first-generation PICs transmit as well as receive 100 GB per second of optical-transmission capacity. They incorporate the functionality of more than 60 optical functions into just one pair of indium phosphide chips.

The company’s Digital Optical Network architecture offers various Service Providers a combination of bandwidth management tools that use the transmission capacity across platforms that are simple to operate.

Molycorp Inc (NYSE:MCP): In Friday’s trading session, Molycorp Inc (NYSE:MCP) gained 0.90%. Its opening price of $6.62 rose to touch an intraday high of $6.98 which eventually headed down to close at $6.57 per share. Over 8.38 million shares exchanged hands in the last trading session. This number stood below the average volume of 10.70 million that was measured over a 30-day period.

In May, Molycorp Inc (NYSE:MCP) has shot-up nearly 15% higher and speculators of bullish options are craning their necks. The 10-day call/put volume ratio of the equity at the International Securities Exchange (ISE), NASDAQ OMX PHLX (PHLX) and Chicago Board Options Exchange (CBOE) comes in at 5.32. What this means is that calls have been bought to open at a ratio that is greater than 5-to-1 in comparison to their put counterparts over the last two weeks. In addition to this, this particular ratio is just 3% points under a new annual peak. Thus, it not a common occurrence to see the options crowd to be so keen on long calls.


About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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