Sr. Correspondent, Broker Research, Bangalore, India
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Oct 30, 2014
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Oct 29, 2014

Orbital options active after rocket explosion

NEW YORK, Oct 29 (Reuters) – Orbital Sciences Corp’s
options drew a rush of activity as traders placed bearish bets
on Wednesday, a day after the rocket maker’s unmanned 14-story
Antares rocket exploded shortly after lift-off.

The disaster, the first since NASA turned to private
operators to run cargo to the International Space Station, sent
Orbital’s shares down 18 percent to a low of $25.02 on Wednesday
on the New York Stock Exchange.

    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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