To New Heights: Ambarella, Gilead Sciences, and GoDaddy

Stocks hitting new highs today include Ambarella Inc (NASDAQ:AMBA), Gilead Sciences, Inc. (NASDAQ:GILD), and GoDaddy Inc (NYSE:GDDY)

Jun 18, 2015 at 3:24 PM
facebook X logo linkedin

It's been another strong day for domestic stocks. Among those hitting new highs are semiconductor concern Ambarella Inc (NASDAQ:AMBA), biopharmaceutical concern Gilead Sciences, Inc. (NASDAQ:GILD)and Wall Street rookie GoDaddy Inc (NYSE:GDDY). Here's a closer look at AMBA, GILD, and GDDY:

  • AMBA touched an all-time high of $128.06 earlier, but this technical strength is nothing new; the shares have smashed their way up the charts this year, adding nearly 150%. The stock was last seen up 3% at $125.88, and short sellers are probably sweating once again. Over 28% of Ambarella Inc's float is sold short, and would take four days to cover, at its normal trading pace. Option traders have been placing bearish bet, too. AMBA's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio stands at 1.04 -- only 12 percentage points from an annual high. 

  • GILD also hit a record high earlier at $121.78, and with its 2.1% gain today to trade at $121.50, the stock is now up 28.8% in 2015. Analysts are certainly believers. Of the 16 brokerage firms with coverage on the security, 13 say it's a "buy" or better. Elsewhere, it seems short sellers are starting to get the hint. During the most recent two-week reporting period, short interest on Gilead Sciences, Inc. dropped over 27%. While put buying has been popular on GILD, some of it has likely been from shareholders hedging against any unexpected drops in the stock. 

  • GDDY started trading at $26.15 when it went public on April 1. Today, the shares are hovering at $31.38, after earlier touching their highest price ever, at $31.75. During the past 50 sessions -- encompassing almost all of GoDaddy Inc's life span -- nearly 4,500 calls have been bought to open, versus 3,362 puts at the ISE, CBOE, and PHLX, showing option traders have preferred long GDDY calls over puts. Analyst are also bullish, as 90% call the shares a "buy" or better.

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