Buzz Stocks: Twitter, T-Mobile, and BlackBerry Limited

Today's stocks to watch in the news include Twitter Inc (TWTR), T-Mobile US Inc (TMUS), and BlackBerry Ltd (BBRY)

Jun 12, 2015 at 9:29 AM
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U.S. stocks are poised to retreat, as speculators await key economic data and watch the unraveling Greek debt situation. In company news, today's stocks to watch include microblogging bigwig Twitter Inc (NYSE:TWTR), telecom concern T-Mobile US Inc (NYSE:TMUS), and mobile phone maker BlackBerry Ltd (NASDAQ:BBRY).

  • TWTR is headed for a 3.4% jump out of the gate, as traders cheer the resignation of CEO Dick Costolo. Twitter Inc co-founder and chairman Jack Dorsey will step in as interim CEO. The shares of TWTR will likely surmount their 10-day and 20-day moving averages for the first time since the stock's late-April nosedive. However, while shareholders are upbeat on the news, SunTrust Robinson cut its price target on the stock to $40 from $44. TWTR closed at $35.84 on Thursday. 
  • TMUS is also poised to rally -- and could test seven-year highs north of $40 -- amid reports that DISH Network Corp (NASDAQ:DISH) is trying to square up a bid for the firm. TMUS hit a fresh peak of $40.77 earlier this month, as M&A rumors were heating up, and settled yesterday at $38.12. The stock has added 41.5% so far in 2015, and option players are looking for even more upside. The security's 10-day call/put volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits at 25.06 - higher than 91% of all other readings from the past year, reflecting a bigger-than-usual appetite for bullish bets over bearish on T-Mobile US Inc. 
  • Finally, BBRY is set to add 0.9%, after Reuters reported the company could use Google Inc's (NASDAQ:GOOGL) Android operating system in an upcoming smartphone. A notable rally could shake the growing population of option bears, and there are quite a few BlackBerry Ltd shorts that could hit the bricks. Short interest accounts for 17.8% of the stock's total available float, representing more than 13 sessions' worth of pent-up buying demand, at BBRY's average pace of trading. On Thursday, BBRY ended at $9.21.

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