Market Overview

Calls Purchased on UQM Technologies Inc. (UQM)

Shares of UQM Technologies Inc. (AMEX: UQM) are higher on the session by 0.88%, currently trading at $3.42. The stock has been drifting lower and lower over the past six months; the $3.10 level is next support.

Options traders are picking up some calls on the name today. The December $5.00 call was purchased 1,000 times, on the offer, on open interest of 2,053 contracts. Call volume is now running at 5.26x the daily average.

UQM Technologies, Inc. is a developer and manufacturer of electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. The company focuses on developing products for the alternative energy technologies sector, including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries.

Posted-In: Long Ideas Technicals Options Trading Ideas

 

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