Trina Solar jumped 5.5% yesterday to close at $15.82, after word hit the Street that the firm signed an EPC contract with Fresh Fruits Company to develop the first mega-scale rooftop solar power project in Jordan. Such gains are nothing new for the stock, which has tacked on 238.8% over the past 12 months. Not surprisingly, TSL speculators at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open more than seven calls for every put during the past 20 sessions, resulting in a top-heavy call/put volume ratio of 7.53.Trina Solar Limited (ADR) (NYSE:TSL) stock opened at $15.20 in last session, and closed at $15.82, while the day range of TSL stock is $15.41-$16.30.The stock showed a positive weekly performance of 4.35%.
Finally, E-Commerce China Dangdang Inc (ADR) (NYSE:DANG) is up 1.8% at $10.43, bringing its month-to-date gain to 10.6%. Options speculators are rolling the dice on more upside for the shares, with calls trading at seven times the normal rate. About 69% of the action has transpired at the OOTM March 12 call, which has seen close to 9,000 contracts change hands — primarily at the ask price, suggesting they were bought. Plus, volume exceeds open interest at the strike, hinting at fresh bullish bets. By purchasing the calls to open, the speculators may be gambling on a post-earnings rally after DANG reports on Thursday, Feb. 27. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) stock opened at $11.07, in last session and closed at $13.11, by gained 31.49%.The 52 week range was $3.70-$13.44.Company’s market capitalization is $1.05 billion.
China Ming Yang Wind Power Group Ltd (MY) involves in designing, manufacturing, selling, leasing, grid-connected, and servicing megawatt-class, and horizontal-axis wind turbines primarily in the People’s Republic of China. The company also manufactures and sells blades and wind turbine components. In addition, it is involved in the research and development of wind turbine technology; and operation of a wind farm. China Ming Yang Wind Power Group Ltd (NYSE:MY) stock gained 15.71% and finished the last session at $3.24.The EPS of the stock remained -0.30.Company’s market capitalization is $405.00 million.
J.C. Penney Company, Inc. (NYSE:JCP), the venerable American department store chain struggling to regain profitability after a failed 2012-13 turnaround bid, is expected to slash its fiscal fourth-quarter loss by 44 percent as stronger profit margins offset weaker same-store sales.J.C. Penney Company, Inc. (NYSE:JCP) stock opened the session at $7.32, and closed the session at $7.47. The 52 week range of the JCP stock remained $4.90-$21.42 and the day range was $6.93-$7.57.