Stocks quoted in this article:
U.S. stocks are mixed this afternoon, as the major equity indexes attempt to go out on a positive note ahead of the long holiday weekend. Among the names making notable moves are telecom services provider China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU), restaurant chain Zoe's Kitchen Inc (NYSE:ZOES), and biotech stock United Therapeutics Corporation (NASDAQ:UTHR). Here's a quick look at how CHU, ZOES, and UTHR are faring on the charts today.
- News of a partnership with Tesla Motors Inc (NASDAQ:TSLA) has triggered a 3.3% jump for CHU, with the U.S.-traded shares at $17.74 this afternoon. In fact, earlier in the session, the stock touched a new two-year high of $17.85. As a result, China Unicom (Hong Kong) Limited (ADR) has surpassed most analysts' expectations; CHU's average 12-month price target stands at just $17.72.
- ZOES has shed 4.8% to trade at $29.13 in the wake of last night's earnings report, as the low end of the restaurant chain's fiscal 2014 revenue forecast fell short of consensus estimates. Bears are likely pleased by today's sell-off, as ZOES sports a steep short interest-to-float ratio of 23.7%. Conversely, Zoe's Kitchen Inc is well-liked by analysts. Four out of five brokerage firms call the stock a "strong buy," and Jefferies issued a post-earnings price-target hike to $28 from $25.
- On the heels of a favorable patent ruling, UTHR is up 27.6% at $116.95, after earlier peaking at $118.00 -- a new record high. United Therapeutics Corporation could be enjoying a short-squeeze rally, as no less than 10.5% of the stock's float is sold short. At UTHR's average daily trading volume, it would take more than nine days for all of these bearish bets to be covered.