NEW YORK ( TheStreet) -- K12 (NYSE: LRN) is trading at unusually high volume Tuesday with 2.6 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down 88 cents (-3.5%) at $24.20 as of 4 p.m. ET. K12 has a market cap of $783.9 million and is part of the services sector and diversified services industry. Shares are up 39.8% year to date as of the close of trading on Monday. K12 Inc., a technology-based education company, provides proprietary curriculum, software systems, and educational services for individualized learning for students in kindergarten through 12th grade (K12) primarily in the United States. The company has a P/E ratio of 55.3, above the average diversified services industry P/E ratio of 51.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates K12 as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full K12 Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
Investors considering a purchase of K12 Inc stock, but cautious about paying the going market price of $10.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $7.50 strike, which has a bid at the time of this writing of 25 cents.