Buzz Stocks: Lennar Corp, Atmel Corp, and Uniqure

Today's stocks to watch include Lennar Corporation (LEN), Atmel Corporation (ATML), and Uniqure NV (QURE)

by Mark Fightmaster

Published on Sep 21, 2015 at 10:01 AM
Updated on Jul 2, 2020 at 12:52 PM

U.S. benchmarks are higher this morning, after three Fed officials called for a rate hike before the year closes. Today's equities in focus are homebuilder Lennar Corporation (NYSE:LEN), microcontroller corporation Atmel Corporation (NASDAQ:ATML), and pharmaceutical firm Uniqure NV (NASDAQ:QURE).

  1. LEN is 2% higher at $52.85 this morning, after reporting far better-than-expected earnings. Lennar Corporation attributed the performance to an ongoing recovery in the housing market -- leading to higher sales and higher selling prices. Technically, LEN enjoys support from its 10-month moving average, which has escorted the stock 18% higher in 2015. Option players, analysts, and short sellers all lean to the bearish side for LEN (a set-up all too familiar among homebuilders), though. At last check, 12.4% of LEN's float is sold short, representing nearly six sessions' worth of pent-up buying demand, at the stock's average pace of trading. Should this morning's news spook the bears out of their pessimistic positions, LEN could enjoy a short-covering rally.
  • QURE initially jumped out of the gate -- notching a new all-time high of $36.38 -- but has since turned 4.1% lower to sit at $32.05. The company said early stage studies demonstrated that its experimental gene therapy for Sanfilippo B syndrome was found safe and effective. Perhaps QURE traders are taking profits; Uniqure NV has more than doubled in 2015, and has added 21.5% in September alone. This performance has caught the attention of analysts, as all 10 of the brokerages tracking QURE rate it a "strong buy." 

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