NEW YORK (TheStreet) -- Shares of RadioShack Corp. (RSH) climbed 10.69% to $1.61 on Friday continuing a gain the stock started Thursday after Bloomberg reported a trader spent over $600,000 "buying bullish options" of the consumer electronics retailer.
The unnamed trader bought 20,000 calls, which will expire in October, with a strike price of $1.50.
RadioShack has been struggling due to slow sales and a lender problem that has halted the company's attempts to close its underperforming stores.
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"Somebody's taking a big bullish bet on the stock. This trade helped push the stock higher," said Alex Panagiotidis, the managing director for equity derivatives at Sterne Agee & Leach Inc., to Bloomberg.
Separately, TheStreet Ratings team rates RADIOSHACK CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow."