Schaeffer's Trading Floor Blog

Biggest Movers: WebMD Health Corp., bebe stores, inc., and JA Solar Holdings Co., Ltd. (ADR)

WBMD, BEBE, and JASO are moving sharply higher in Monday's trading

by 4/14/2014 3:36 PM
Stocks quoted in this article:

As we approach the final minutes of the trading day, three of the top movers are online medical information name WebMD Health Corp. (NASDAQ:WBMD), women's apparel name bebe stores, inc. (NASDAQ:BEBE), and renewable energy concern JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO). Here's a quick roundup of how this trio of names is charging up the charts this afternoon.

  • At last check, WBMD was up 15% at $43.32, bringing the stock into positive territory on a year-to-date basis. Driving the price action was the company's announcement that quarterly earnings were on pace to top an earlier projection, thanks to rising sales. Today's rally may prompt an exit among short sellers, as nearly one-quarter of the stock's float is sold short. What's more, it would take close to eight trading days (at the stock's average daily volume) to cover all existing shorted shares.

  • An upgrade at Janney to "buy" from "neutral" and a projection of impending annualized profitability have helped drive BEBE shares up 16% to $6.74. The stock now boasts a year-to-date gain of more than 25%, and has outperformed the broader S&P 500 Index (SPX) by more than 10 percentage points during the last three months. Today's vote of confidence notwithstanding, BEBE has been largely ignored by Wall Street. Just two analysts follow the stock, respectively awarding one "strong buy" and a single "hold" rating.

  • Finally, JASO is flirting with double-digit territory, as a 7.3% gain has lifted the shares to $10.00, bringing its year-over-year return to more than 125%. Buyers are descending upon JASO after the company upped its estimate for shipments in the first quarter. Options players have been slanted toward the bullish camp, as evidenced by the stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 14.35. In other words, more than 14 calls have been bought to open during the last two weeks for every put. Ranking in the 67th annual percentile, this ratio suggests demand for calls (relative to puts) has recently accelerated.

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