Trading Activity In NetApp, VMware Spikes
August 28th, 2008 |
According to a
report from the Wall Street Journal, stocks of both
NetApp and
VMware have been trading at unusual volumes yesterday.
Trading in NetApp spiked to four times the normal level, with investors picking up 38,000 calls that allow them to buy the company’s stock and 5,000 puts that allow them to sell it. NetApp shares closed at $25.55, up 6.1%.
Fueling activity in VMW trading was the recent chatter that
Cisco could be
interested in acquiring VMware...