CBOE Rises On Unusually High Volume (CBOE)

CBOE Holdings (Nasdaq:CBOE) is trading at unusually high volume Friday with 2.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.43 (+5.4%).
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

CBOE Holdings

(Nasdaq:

CBOE

) is trading at unusually high volume Friday with 2.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.43 (+5.4%) at $27.90 as of 12 p.m. ET.

CBOE has a market cap of $2.31 billion and is part of the

financial

sector and

financial services

industry. Shares are up 1.7% year to date as of the close of trading on Thursday.

CBOE Holdings, Inc., through its subsidiaries, operates markets for the execution of transactions in exchange-traded options. The company has a P/E ratio of 17.7, above the average financial services industry P/E ratio of 17.2 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CBOE as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full

CBOE Ratings Report

.

See all heavy volume stocks in our

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or get investment ideas from our

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