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Shares of ChinaCast Education
CAST are lower on the session by 4.85%, currently trading at $4.51. 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 $5.00 put, which has traded 1,900 times on open interest of 0 contracts.
Put volume is outpacing call volume by 5 to 1.
ChinaCast Education Corporation is a post-secondary education and e-Learning services provider in People's Republic of China. The company provides post-secondary degree and diploma programs through its two universities in China: The Foreign Trade and Business College of Chongqing Normal University and the Lijiang College of Guangxi Normal University.
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