Shopify, Hecla Mining, MiMedx Stocks Moving Today

Three stocks making big moves on the charts today are Shopify, Hecla Mining, MiMedx

by Josh Selway |

Published on Apr 13, 2017 at 2:13 PM

Despite a midday push, the Dow has turned sharply lower in afternoon trading, after the U.S. bombing in Afghanistan. Among specific equities on the move this afternoon are e-commerce specialist Shopify Inc (US) (NYSE:SHOP)mining stock Hecla Mining Company (NYSE:HL), and regenerative tissue expert MiMedx Group Inc (NASDAQ:MDXG). Here's a quick look at what's moving shares of SHOP, HL, and MDXG.

Shopify Stock Outperforms After Bull Note

SHOP stock is continuing its push up the charts today, adding 1.8% at $70.51, following a huge price-target hike to $100 from $70 at CIBC. This is well above the shares' record high of $73 from March 28, though Shopify Inc has been gaining fast on the charts, easily doubling in value during the past 52 weeks. Seven analysts still say SHOP stock is just a "hold," and the shares are now trading above their average 12-month price target of $69.46, so there's potential for even more bullish brokerage attention to come through. 

Hecla Mining Stock Burns Shorts

HL shares are getting a lift today as commodity stocks rally, last seen 7.7% higher at $6.08. Shares of Hecla Mining Company have now added almost 32% since bottoming at a near-term low of $4.61 one month ago, yet short interest continues to rise. Specifically, short interest on HL stock increased by 18.5% over the past two reporting periods. 

MiMedx Revenue Beat Boosts Shares

MDXG is up 7.9% at $10.68, after the company posted better-than-expected first-quarter revenue. Needham raised its price target to $15 from $12 in response, representing all-time-high territory. MiMedx Group Inc shares now boast a 20.5% year-to-date lead, and could continue to climb if short sellers start throwing in the towel. These bears currently control a whopping 29% of MDXG's float, which would take almost two months to buy back, based on the stock's average pace of trading. 

JOIN FREE

Receive Schaeffer's Opening View every morning before the bell.


MORE | MARKETstories


Dow Suffers Worst 2 Weeks Since Brexit
The Nasdaq wrapped up its longest weekly losing streak since May 2016
The Sporting Goods Stock Bucking the Trend
Analysts are expecting one semiconductor stock to double
Rare RUT Signal May Spell Trouble for Small-Cap Stocks
The small-cap index just fell below its 200-day moving average

Partnercenter


TRADING SERVICES | FEATUREDproducts


By MG 2016
In March of 2016, I was introduced to Expiration Week Countdown.  The results are better than words!
Options trading made simple.
Schaeffer's Investment Research, Inc. is dedicated to providing subscribers advantages in options trading and investing.  Our independent market research services create profitable opportunities for investors at every level.