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American Superconductor (AMSC) Sees Put Buying
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American Superconductor (Nasdaq: AMSC) sees large put buying only two days after Citron Research put a negative piece out on American Superconductor. Today, a trader bought 1000 July "25" puts. AMSC is currently trading at $29, so this investor expects to see this stock fall below $25 in the near future.
Last week, American Superconductor rose 8 points on a reportedly (from Citron) nondisclosed related party transaction. So far, American Superconductor hasn't refuted the news. [JT]
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AMSC
Jeff Peeler on May 15, 2008 04:51 PMI had spoken with Jason Fredette(AMSC investor relations), and he said the undisclosed related party deal with Sinovel was totally false.