Shares of Quidel Corp. (NASDAQ: QDEL) are higher on the session by 4.70%, currently trading at $12.48. The stock has been moving largely lower over the past six months and is trading in a technical downtrend.
Options traders are buying puts on the name today. The September and December $12.50 put was purchased 500 times each just a short while ago. Volume did not exceed open interest on either strike. Put volume is now running at 15x the daily average.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions primarily include applications in infectious diseases and reproductive and women’s health.
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