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Shares of Flotek Industries
FTK are lower on the session by 4.63%, currently trading at $10.31. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $10.00 put, which has traded 2,070 times on open interest of 1,949 contracts.
Put volume is outpacing call volume by 23 to 1.
Flotek Industries, Inc. is a diversified global supplier of drilling and production related products and services. Its core focus is oilfield specialty chemicals and logistics, down-hole drilling tools and down-hole production tools used in the energy and mining industries.
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