Post-Earnings Pop Bad News for Intrexon Corporation (XON) Bears

Intrexon Corp (NYSE:XON) saw its price target reduced at Mizuho

May 12, 2015 at 11:02 AM
facebook X logo linkedin

Intrexon Corp (NYSE:XON) jumped out of the gate, after the company reported a first-quarter earnings beat, and a 331% increase in revenue from the same period last year. Despite a brief trek south of breakeven around 10:00 a.m. ET, the shares were last seen up 1.5% at $43.70. The generally well-received report is likely disappointing traders both in and out of the options arena.

Specifically, the equity's Schaeffer's put/call open interest ratio (SOIR) of 0.85 ranks in the 84th annual percentile. This reveals XON's short-term options traders to be more put-skewed than normal. Elsewhere, over 28% of XON's float is sold short, and would take more than two weeks to repurchase, at the stock's normal daily trading volumes.

On a long-term technical level, there's not much to dislike about Intrexon Corp (NYSE:XON). Since this time last year, the security has added over 170%. Still, Mizuho overnight cut its price target cut to $45 from $50. On the whole, though, analysts are behind the genetic engineering stock. XON's average 12-month price target of $56.25 marks a 34% premium to current levels, and sits in uncharted territory. Also, three-fourths of brokerage firms rate the shares a "strong buy."


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI