Put/Call Ratio Rises in Silicon Labs

Shares of Silicon Laboratories Inc. (NASDAQ: SLAB) are on the rise today by 1.72% to $47.77 after the stock bounced off of the 200-day moving average.

SLAB is still trading below the 50-day moving average though, which is an intermediate-term bearish sign. The puts have been in favor in the name as well. The put/call ratio is now running at 13x the daily norm in Silicon Laboratories, signaling growing bearish sentiment on the name.